A lobbyist for the coal industry asks Congress to limit environmental constraints on coal-burning plants. This is an example of

a. the median-voter model
b. rent seeking
c. perfect competition
d. monopoly
e. public-interest legislation


B

Economics

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Refer to the figure below. If Row Resorts keeps its rates high, then Column Cruises would receive the highest payoff if it:

A. offered reduced rates. B. kept its rates high. C. chose either strategy because it will have the same payoff in either case. D. agreed with Row Resorts to reduce their rates at exactly the same time.

Economics

Due to a recent hurricane there is a major loss of sugarcane crops. At the same time in the U.S. consumers are eating healthier and cutting back on eating items that have sugar in them. How will this affect the price and quantity in the sugar market?

A. Price increases and quantity is indeterminate B. Quantity increases and price is indeterminate C. Quantity decreases and price is indeterminate D. Price decreases and quantity is indeterminate

Economics

The above figures show the market for oranges. Which figure(s) shows the effect of new successful advertising campaigns to eat more oranges?

A) Figure A B) Figure B C) Figure D D) Figures A and D

Economics

A shortage of textbooks will cause

a. a decrease in the supply of textbooks b. a decrease in the demand for textbooks c. both an increase in the supply of textbooks and a decrease in the demand for textbooks d. an increase in the price of textbooks, caused by a shift of either the supply curve or the demand curve e. an increase in the price of textbooks

Economics