Unwittingly, the Constitutional Drafters in 1875 Created a Legislative Body

question 43

Multiple Choice

Unwittingly, the constitutional drafters in 1875 created a legislative body that was

• A) initially full time in work but part time in pay.
• B) easily influenced by special interest groups.
• C) very slow to respond to changes in modern Texas.
• D) much more powerful than anticipated.
• E) so bogged down by procedure that legislation rarely passed.

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Definitions:

Perfectly Competitive

A market structure characterized by a large number of small firms, a homogeneous product, perfect information, and no barriers to entry or exit.

Monopolistic Firm

A company that possesses significant market power, allowing it to set higher prices compared to a perfectly competitive market.

Flatter

Describes a structure or hierarchy that has fewer levels, often leading to a broader span of control and potentially more decentralized decision-making.

Demand Curves

A demand curve represents the relationship between the quantity of a good demanded and its price, typically showing an inverse relationship.