The Entity That Is Authorized to File Suits in Federal

question 28

Multiple Choice

The entity that is authorized to file suits in federal district court against private sector employers is the

• A)Interstate Commerce Commission.
• B)Federal Trade Commission.
• C)Equal Employment Opportunity Commission.
• D)Federal Bureau oflnvestigation.

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Definitions:

External Benefits

Benefits that are enjoyed by individuals or firms who did not directly participate in the transaction or activity that produced the benefit, also known as positive externalities.

Marginal Cost Curve

A graphical representation showing how the cost of producing one additional unit of a good varies as production increases.

Industry Supply

The total amount of a product or service that all producers in a market are willing and able to sell at a given price.

Price Floor

A government-imposed limit on how low a price can be charged, usually above the equilibrium price, which can prevent the market from clearing.