Which of the Following Was a Legacy of the Watergate

question 41

Multiple Choice

Which of the following was a legacy of the Watergate scandal?

• A) It gave the public reason to praise Nixon for his overwhelming support for and lack
• Of prejudice toward minorities, despite his other failings.
• B) It caused Congress to pass several pieces of legislation to increase executive power,
• Such as the War Powers Act.
• C) It showed that the press, Congress, and courts had failed to arouse public opinion in
• The case and, for the most part, protected Nixon.
• D) It demonstrated that government aides and officials could only be found guilty of the
• Original crimes and not of covering up evidence.
• E) It suggested the lesson that not even a president is above the law, even though Nixon
• Did avoid jail time.

Explain the pricing strategies and profit maximization behavior in monopolistically competitive markets.

Describe the concept of excess capacity and its implications for firms in monopolistically competitive markets.

Understand the impact of free entry and exit on long-term profits in monopolistically competitive markets.

Clarify misconceptions regarding the relationship between price, marginal cost, and average total cost in different market structures.

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Definitions:

Unstable System

A system that lacks equilibrium or consistency, characterized by frequent changes or unpredictability.

Isolated

Being separated from others or feeling alone and disconnected from a social or physical environment.

Terror Management Theory

A psychological perspective that examines how humans deal with the fear of their own mortality, often through cultural beliefs, self-esteem, and personal significance.

System Justification Theory

A theory suggesting that people have a psychological tendency to defend and justify existing social, economic, and political systems, even at a disadvantage to themselves.