Prior to the Creation of Scientific Polling in the 1930s

question 54

Multiple Choice

Prior to the creation of scientific polling in the 1930s, politicians relied on conversations with political observers and the content of newspapers, letters and petitions to gauge public sentiment. These were really a form of

• A) elite opinion.
• B) uneducated opinion.
• C) scientific polling.
• D) public opinion.
• E) random sampling.

Understand how liability rules and injunctions can be used to manage externalities.

Realize the role of government and private sector in regulating externalities through permits, taxes, and subsidies.

Analyze the implications of assigning and negotiating property rights in different contexts.

Understand the concept of environmental economics and its approach to managing pollution and external costs.

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Definitions:

Long Term Debt

Borrowings of a company or government that are due to be repaid over a period longer than one year.

Capital Structure

The mix of debt and equity financing used by a company to fund its operations and growth.

Return on Equity Ratio

A financial ratio that measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.

Financial Statements

Formal records of the financial activities and condition of a business, entity, or individual, including balance sheet, income statement, and cash flow statement.