While Interest Groups Developed Slowly in Texas,they Proliferated

question 25

Multiple Choice

While interest groups developed slowly in Texas,they proliferated

• A)when Texas was annexed as a state.
• B)after the Republican Party was formed in Texas.
• C)after the election of Franklin Roosevelt as president.
• D)after World War II.
• E)in the 1960s.

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Definitions:

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs (resources, labor, etc.).

Inefficient

A situation where resources are not utilized in the best possible way, leading to wasted inputs or the capability to produce more for less not being exploited.

Comparative Advantage

Situation in which Country 1 has an advantage over Country 2 in producing a good because the cost of producing the good in 1, relative to the cost of producing other goods in 1, is lower than the cost of producing the good in 2, relative to the cost of producing other goods in 2.

Marginal Costs

The additional cost incurred by producing one more unit of a product or service.