What Are the Dominant Prior Occupations of Members of Congress

question 68

Multiple Choice

What are the dominant prior occupations of members of Congress?

• A)Business and law
• B)Medicine and academia
• C)Medicine and law
• D)Business and advertising
• E)Business and the military

Analyze the concepts of median-voter model and its predictions in election outcomes.

Assess market failures and the role of government in addressing them.

Recognize the impact of subsidies and externalities on market efficiency.

Understand the concept of emotional labour and its impact on job satisfaction.

---

Definitions:

Variable Expenses

Expenses that vary in direct proportion to changes in an activity or production level, similar to variable costs.

Fixed Costs

These are expenses that do not change with changes in the production volume or sales, such as rent, salaries, and insurance.

Net Income

The residue of all revenues and gains minus all expenses and losses for a period, often known as the bottom line.

Sales

The total amount of income generated by the selling of goods or services by a company during a certain period.