Leaders that use group ideas to make decisions
a. autocratic
b. laissez-faire
c. democratic
d. trait
Ans: c. democratic
Economics
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The above figure shows a housing market with a rent ceiling equal to $1,000. In this figure, what area is equal to the producer surplus?
A) area A B) area B C) area C D) area D E) area E
Economics
The "primary motive" of regulators, according to the share-the-gains, share-the-pains theory, is to
A) maximize their income through accepting monetary payoffs from groups. B) ensure that every group gets what it wants. C) ensure that all customers share the benefits of regulation, and not just the wealthiest consumers. D) keep their jobs.
Economics