The electronics market in Tunica is completely dominated by JC Inc., a company that manufactures electronic components and gadgets. The company produces most of the essential goods in large quantities and has no competition
The company has recently
increased the prices of its products because of their high demand and this is affecting
the consumers adversely. This type of market domination by a single firm represents a
market failure referred to as ________.
A. externality
B. monopoly
C. information asymmetry
D. bankruptcy
E. marketing myopia
B
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Hypersegregation has slowly declined overall during the past four decades. What is an example of a historical motivator for decline in hypersegregation?
A. the election of John F. Kennedy in 1961 B. the end of the Vietnam War in 1975 C. the civil rights legislation of the 1960s and 1970s D. the 1968 Fair Housing Act
The social market economy is
a. a sharp conflict between socialism and capitalism. b. a capitalist economy with generous social benefits. c. a democratic socialist economic program. d. the economic program of the former East Germany. e. a central command economy.
In their annual State of the State addresses to their citizens, governors emphasize social issues more than pocketbook issues
Indicate whether this statement is true or false.
Power is
a. the ability to overcome obstacles and influence outcomes. b. the size of a military and the policies to support its use. c. the ability to get someone to do something they otherwise would not do. d. the ability to convince actors of the merits of a proposed plan.