Examlex
What act was designed to limit political involvement by civil servants and prevent federal government employees from engaging in certain political activities?
Inefficiently Low-Quality Apartments
Apartments that are below optimal living standards due to market failures, often resulting in lower than socially preferable quality.
Opportunity Cost
Opportunity cost is the potential benefit that one misses out on when choosing one alternative over another.
Black Markets
Illegal markets that arise when selling, trading, or buying goods or services are prohibited by law or are controlled by restrictive practices.
Price Floors
A legal minimum price below which a good or service cannot be sold, intended to protect producers from market prices that are too low.
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