Most Members of the House Attempt to Stay on Good

question 67

Multiple Choice

Most members of the House attempt to stay on good terms with the Speaker of the House because the Speaker

• A) has the authority to call all party unity votes.
• B) possesses the power of recognition.
• C) controls all committee assignments.
• D) approves all requests for logrolling.
• E) makes all decisions regarding how leadership PACs will distribute their funds.

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Definitions:

Cartel

A group of independent market participants who collude to raise prices, limit supply or otherwise manipulate market conditions in their favor.

Quantity Effect

the change in the quantity of goods sold or consumed as a result of a change in price, holding other factors constant.

Profit

The financial gain or surplus remaining after all operating expenses, taxes, and costs have been subtracted from total revenue.

Duopoly

A market structure dominated by two firms, often leading to strategic behaviors and outcomes different from those in more competitive markets.