Issue Networks Are ______

question 22

Multiple Choice

Issue networks are ______.

• A) the formal channels of control within a bureaucracy
• B) ever-changing sets of politicians, lobbyists, experts, and entrepreneurs who shape policy domains
• C) news-oriented social media sites such as the Facebook page of MSNBC or Fox News
• D) the scope of authority of a department

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Definitions:

Marginal Cost

The increased cost resulting from the production of an extra unit of a product or service.

Consumer Surplus

The difference between the total amount consumers are willing and able to pay for a good or service and the total amount they actually pay.

Demand Curves

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at various prices.

Marginal Revenue

The additional revenue that a firm receives from selling one more unit of a good or service.