An Example of an Essential Facility Is

question 23

Multiple Choice

An example of an essential facility is

• A)the telephone line into your house.
• B)U.S. Route 66.
• C)the Golden Gate Bridge.
• D)your local pizza parlor.

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Definitions:

Economic Rents

Extra earnings above the minimum level required to keep a resource in its current use, often associated with scarce resources or monopolistic markets.

Non-Union Workers

Employees who are not members of a labor union and typically do not receive the collective bargaining benefits that unionized workers do.

Wage Discrimination

The practice of paying different wages to employees for the same type of work based on race, gender, age, or other irrelevant factors.

Private-Sector Differential

The differences in wages, working conditions, and employment benefits between jobs in the private sector versus those in the public sector.