In Recent Years, the Religious Right Has Had a Great

question 1

Multiple Choice

In recent years, the religious right has had a great effect on American politics through ________.

• A) grassroots mobilization
• B) gaining access
• C) litigation
• D) campaign financing
• E) iron triangles

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Definitions:

Normal Profits

The minimum profit necessary for a company to remain competitive in the market, often equated to the opportunity cost of capital.

Allocative Efficiency

A state of the economy where resources are allocated in a way that maximizes the overall benefit to society.

Productive Efficiency

A point at which an economy operates at the lowest possible cost by utilizing all of its resources efficiently.

Pure Nondiscriminating Monopolist

A monopolist who charges all consumers the same price for a good or service, regardless of the quantity purchased or consumer preferences.