Congressman Gallstone seeks support from his colleagues for a bill he sponsors that will establish a new national park in his district
He offers to support Congresswoman Disrail's proposal to build a new library in her district in exchange for her vote for his national park bill. This is an example of
A) government failure. B) regulatory capture.
C) rational ignorance. D) logrolling.
D
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For a firm to become a monopoly in an industry
A) barriers to entry must exist. B) the firm must charge higher prices than its competitors. C) the firm must produce a faulty product. D) the firm will engage in unfair practices to drive all competitors out of the market.
Explain why the short-run supply curve is not vertical, but the long-run aggregate supply curve is vertical
Between 1910 and today, the number of farmers in the United States _____________ dramatically as a result of ___________________ in farming in the twentieth century
A) dropped; technological improvements B) rose; technological improvements C) dropped; technological declines D) rose; technological declines
________: the number of unemployed persons divided by the total civilian labor force
Fill in the blank(s) with correct word