The Increasing Size of the Government Has Also Occasioned

question 34

Multiple Choice

The increasing size of the government has also occasioned

• A)a decline in public confidence in those who lead and manage government.
• B)greater respect for politicians.
• C)greater trust in government.
• D)greater participation in elections.
• E)less activism through interest groups.

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Definitions:

Perfectly Competitive Labor Market

An idealized labor market scenario where there are many employers and employees, no single entity can influence wages, and all workers are fully informed and mobile.

Unionized Firms

Companies where a majority of workers are members of a labor union, which represents them in negotiations with management.

Employment Growth

An increase in the number of jobs available within a certain industry, sector, or economy.

Laissez Faire

An economic philosophy advocating for minimal government intervention in the market and the economy, emphasizing free-market competition.