Between 1995 and 2006,the Number of Congressional Earmarks

question 1

Multiple Choice

Between 1995 and 2006,the number of congressional earmarks

• A)remained the same.
• B)dropped to nearly zero.
• C)nearly doubled.
• D)increased by a factor of 10.

---

Definitions:

Marginal Revenue

The enhanced earnings from selling an additional unit of a product or service.

Pure Competition

A market structure characterized by a large number of firms, all producing identical products, and no single firm has any influence over market price.

Extra Unit

The additional quantity of a product or service that is produced or provided.

Purely Competitive Firm

A company operating in a market where there are many buyers and sellers, all selling identical products, and no single buyer or seller can influence the market price.