Elite Theorists Argue That __________ Have an Advantage Over Other

question 94

Short Answer

Elite theorists argue that __________ have an advantage over other types of interest groups in their efforts to influence government.

Recognize the impact of increased globalization and financialization on world markets, unique cultural and social systems.

Learn about the role of capital mobility in job relocation and the international movement of labor.

Understand how globalization and financialization influence the distribution of power, income, wealth, and economic growth internationally.

Acknowledge the benefits of international trade, including how countries can benefit from comparative advantages.

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Definitions:

Discretionary Fiscal Policies

Economic policies based on government spending and taxation that are undertaken intentionally by a government to influence its economy.

Aggregate Demand

The collective need for all products and services in an economy at a specific overall price level during a certain timeframe.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate depiction of an economy's size and how it's growing over time.

Aggregate Demand

The total demand for all goods and services in an economy at a given overall price level and in a given time period.