A Supplier of an Input Is Unlikely to Have Bargaining

question 129

Multiple Choice

A supplier of an input is unlikely to have bargaining power if

• A)the input supplied is specialized.
• B)many firms can supply the input.
• C)it is the sole supplier of the input.
• D)it has a patent on the input.

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Definitions:

SNCC

The Student Nonviolent Coordinating Committee, an important civil rights organization in the 1960s that played a major role in sit-ins, freedom rides, and the March on Washington.

Voting Rights Act

Law passed in the wake of Martin Luther King Jr.’s Selma-to-Montgomery March in 1965; it authorized federal protection of the right to vote and permitted federal enforcement of minority voting rights in individual counties, mostly in the South.

Federal Officials

Individuals who hold positions of authority within the government of a federation, responsible for the execution and enforcement of federal laws and policies.

Voter Registration

The process by which individuals enroll or sign up to become eligible to vote in elections.