uestion 3 of 13 Inceret Incorrect Suppose the European Commission is considering

Question

uestion 3 of 13 Inceret Incorrect Suppose the European Commission is considering legislation that decreases tarf's on agricultural cts imported from the US. The benefit of the tarif reduction is estimated at 5 euros per person. Argibo is a hypothetical special interest group in the EU that represents the four largest a companies in the EU. Agribo opposes this legislation and argues agricultural firms in the EU stand to lose S500 million euros if tarif reduction goes through. If the population of the EU is 500 million what is the stionanted benertto the popuation es through I he population of the EU i 500 milion what is the gricultural Ph estimated benefit to the population? Number million euros Suppose Agribo is successful, and the legislation fails. Which of the following explains why special interest groups are able to exert influence over law makers when the benefits outweigh the costs? O Special interest groups tend to be smaller than thie O Special interest groups do not play a role in legislation. population and very well organized Special interest groups tend to be larger than the population andnot well organized. O The larger population is concentrated and well organized. There is a hint available View the hint by clicking on the bottorn divider bar. Click on the divider bar again to hide the hint Close Hint Previous Give Up & View SolutionCheck Answer Next 9 Exit

Explanation / Answer

If the population of the EU is 500 million and expected benefit per person is 5 Euro then total estimated benefit to the population = 500 * 5 = 2500 Million Euros

Now, when Agribo is successful and legislation fails then below explain why special interest group are able to exert influence over law makerseven if benefit outweigh cost:

"The larger population is concentrated and well organized"

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