According to _________, Liberal Programs Survive Attempts by Conservative Administrations

question 7

Multiple Choice

According to _________, liberal programs survive attempts by conservative administrations to eliminate them because of the "tyranny of the status quo."

• A) Arthur Schlesinger, Jr.
• B) Wagner's Law
• C) Milton and Rose Friedman
• D) Robert Higgs

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Definitions:

Industrial Regulation

Policies and laws enforced by government agencies to regulate industries in order to promote fair competition and protect consumers.

Antitrust Policy

Government regulations designed to promote competition and prevent monopolies, mergers, or cartels that harm consumers.

Single-seller Monopoly

A market structure in which only one producer or seller exists for a product that has no close substitutes, giving them significant market power.

Trusts

Legal entities where assets are managed by one party for the benefit of another.