The Triple Bottom Line Encompasses All of the Following Spheres

question 15

Multiple Choice

The Triple Bottom Line encompasses all of the following spheres of performance except

• A) economic.
• B) social.
• C) environmental.
• D) philanthropic.

Explain the median-voter model and its implications for democratic decision-making.

Analyze the special-interest effect and its impact on policy-making.

Understand the challenges related to providing public goods and dealing with the free-rider problem.

Identify and explain sources of government failure.

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Definitions:

Demand And Supply

Economic model describing the interaction between the desire of consumers to buy goods at certain prices and the quantity of goods that producers are willing to sell at those prices.

Factors Of Production

Four basic inputs for effective operation: land, labor, capital, and entrepreneurship.

Overall Supply

The total amount of a product or service available in a market at any given time.

Economic Growth

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time, often measured as the percentage increase in real gross domestic product (GDP).