In product markets where the economies of scale are so large that only one firm can make a profit in that product in world markets, that firm is said to exploit ________.
a. infant industries
b. monopoly rents
c. opportunity costs
d. comparative advantages
b. monopoly rents
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One problem of special purpose districts is their lack of accountability to voters, but why are most alternatives unpalatable to the electorate?
A. They would require an expansion or centralization of other government authorities. B. They would ultimately make utility service management even less accountable to voters. C. They would result in decreased revenue for county or city governments. D. They would eliminate a lot of vital services that rural populations desperately need.
__________ was the most popular of the Office of Economic Opportunity's programs. It emphasized social skills, nutrition, health and mental health services, and parental participation
a) Child Care and Development Block Grant b) Educational Opportunity Block Grant c) Head Start d) Improving America's Schools
Briefly compare and contrast progressive, proportional, and regressive taxes. Give an example of a progressive tax and of a regressive tax
What will be an ideal response?
The vast majority of all civil and criminal cases
A) begin and end in state courts. B) involve federal law, but are tried in state courts. C) begin and end in federal courts. D) begin in state courts and are appealed to federal courts. E) involve state laws that are tried in federal courts.