Examlex
If price exceeds average total cost in the short run,then in the long run the market demand curve will shift to the right.
Noncontributory Programs
Government programs that provide welfare benefits not based on the recipients' prior contributions or taxes.
Tax Expenditures
Government revenue losses attributed to tax laws that allow special exclusions, exemptions, or deductions.
Social Policies
Policies designed to address social issues and promote social welfare, often involving governmental intervention to provide services and support in areas like healthcare, education, and housing.
Politically Powerful
Describes individuals or groups that have significant influence over political decisions and policy-making processes.
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