The USCongress Reluctantly Voted for the 2008 and 2009 Financial Bailouts

question 30

Short Answer

The U.S.congress reluctantly voted for the 2008 and 2009 financial bailouts, as opinion ran against those bailouts, abandoning the __________ theory to act as trustees for the public good.

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Definitions:

Marginal Product

The additional output gained from employing one more unit of a particular input while keeping other inputs constant.

Marginal Revenue Product

The supplementary earnings derived from utilizing an extra unit of a resource, like labor or capital.

Variable Resource

Inputs or resources used in production that change in amount with the level of output, such as labor or raw materials.

Unskilled Labor

Labor that requires no specialized skills, education, or training.