If Your Farm Had the Only Known Source of a Rare

question 185

Multiple Choice

If your farm had the only known source of a rare cocoa bean needed to make chocolate-covered peanuts,your monopoly would result from:

• A)control of a scarce resource or input.
• B)technological superiority.
• C)increasing returns to scale.
• D)government-set barriers.

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Definitions:

Affirmative Action

A policy or a program designed to counter discrimination against minority groups and women in areas like employment and education.

NASW

The National Association of Social Workers, a professional organization supporting the practice and ethics of social work in the United States.

Sympathetic Legislators

Lawmakers who show understanding or compassion for certain causes, interests, or constituencies and may act in favor of them.

Legislative Chamber

A formal body within a government structure where laws are debated, amended, and passed.