Which Factor Has Led to the Expansion of the President's

question 42

Multiple Choice

Which factor has led to the expansion of the president's capacity as manager-in-chief of the federal bureaucracy?

• A)The Supreme Court mandated an expansion of the White House to keep pace with Congressional development.
• B)The expansion of Internet media required dozens of new media staffers to maintain relations with news websites and maintain a social media presence.
• C)The White House downsized the federal bureaucracy by delegating implementation of programs to state and local governments.
• D)The White House needed additional staff to follow through on presidential decisions.
• E)Modern presidents spend an ever-increasing share of their time raising campaign funds, so they delegate the task of monitoring agencies to White House staff.

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Definitions:

AVC

Average variable cost, which is the total variable cost divided by the quantity of output produced.

Marginal Product Data

Information that shows how the addition of a single unit of a factor of production, such as labor or capital, affects total output.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a product for which each supplier's offerings are perfectly substitutable by the consumers.

Profit-Maximizing Rule

A principle stating that firms achieve maximum profit when they produce goods or services to the point where marginal cost equals marginal revenue.