The ability of companies to move to locations where wages are lowest is seen as a major cause of
a. tyranny of location.
b. process of economic development.
c. race to the bottom.
d. declining terms of trade.
C
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Individuals rationally pursuing their self-interest but resulting in the mistreatment of common property is often called the
a. tragedy of the commons. c. logic of the commons. b. profit motive. d. single-iteration prisoner's dilemma.
The transformation that took place starting in the 18th century that introduced the machinery of the modern age is better known as ______.
a. technological revolution b. information revolution c. digital revolution d. industrial revolution
What is the current trend in income distribution in the United States?
a. evenly distributed b. heavily weighted to the center c. increasingly equal d. increasingly unequal
Discuss the major provisions of the Federal Regulation of Lobbying Act of 1946 and the reasons why it failed to regulate lobbying to a great degree.
What will be an ideal response?