Answered: Which of the below listed statements…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the below listed statements DOES NOT reflect what Charles Wheelan has written in chapter 8, "Power of Organized Interests," in the book, Naked Economics?

A) Politicians and their support can be influence as much by active political lobbying, as by financial support.

B) The author believes that only unscrupulous politicians support funding for specific projects known as funding "earmarks."

C) "Earmarks"which direct federal money to a specific project in a member's district (such as the "bridge to nowhere" in Alaska) are appended on to major bills (such as the transportation bill). When the broader (transportation) bill passes the "pork" expense item will also get through without a formal Congressional review. By itself such a spending item would not have received Congressional approval.

D) Politicians get influenced by active special interest groups since the politicians need votes and money to remain in power.

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