A Large US

question 63

Multiple Choice

A large U.S.steel firm wants to restrict imports of Japanese steel,but Ford Motor Company wants fewer restrictions on steel imports so that its cost of production remains constant.This can best be described as a(n) _____

• A)zero-sum game.
• B)example of a competing interest.
• C)example of a special interest.
• D)situation with widespread costs and concentrated benefits.
• E)free-rider problem.

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Definitions:

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months.

Political Incentive

A reason or motivation based on political goals or outcomes, influencing the actions of politicians or governments.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s to help recover from the Great Depression.