Use the Following to Answer Questions

question 149

Multiple Choice

Use the following to answer questions:
-(Table: Demand Schedule for Gadgets) Look at the table Demand Schedule for Gadgets. The market for gadgets consists of two producers, Margaret and Ray. Each firm can produce gadgets at a marginal cost of $2 and no fixed cost. Suppose that these two producers have formed a cartel, agreed to split production of output evenly, and are maximizing total industry profits. If Margaret decides to cheat on the agreement and sell 100 more gadgets, Margaret's price effect will be a(n) _____ in profit of _____.

• A) decrease; $400
• B) increase; $400
• C) increase; $200
• D) decrease; $200

Identify key components and milestones of the Affordable Care Act, including Medicaid expansion and the individual mandate.

Explain the system of American federalism and differentiate it from unitary systems, including political cultures that adopt federalism.

Analyze the impact of executive orders on immigration and their outcomes in the legal system.

Assess the role of the Supreme Court in interpreting laws related to federalism and health care legislation.

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Definitions:

Assertiveness

is the quality of being self-assured and confident without being aggressive.

Materialism

The philosophical belief in material objects and physical comfort as paramount, or a societal focus on wealth and consumer goods.

Loose Culture

A culture that has relaxed social norms and allows conformity by members to vary a good deal.

Uncertainty Avoidance

A cultural or organizational characteristic where members prefer structured situations over ambiguity, aiming to minimize the unpredictability of future events.