--%>

Example of Featherbedding

Assume that no job vacancies exist for the taxidermists, which students lack any interest in taxidermy, and that taxidermy produces no externalities. When lobbyists persuaded college Boards of Trustees to need taxidermy courses and to establish Departments of Taxidermy staffed by Ph.D. taxidermists, this would be an illustration of: (1) job stuffing. (2) Featherbedding. (3) Yellow dogging. (4) Carpet bagging. (5) Goose-stepping.

What is the right answer?

   Related Questions in Microeconomics

  • Q : Differences in the arc elasticities of

    The dissimilarities in the arc elasticities of demands for labor among the Ajax Corporation and Bosun Limited are consistent along with an inference which Bosun: (1) is a more profitable firm than Ajax. (2) hires more highly skilled workers than Ajax

  • Q : General law of demand I have problem in

    I have problem in this question based on law of demand. Provide me correct answer of this. Described the circumstances in which the "general law of demand" not hold?

  • Q : Typical pure competitor firm in industry

    When this firm is a typical pure competitor within this industry as in demonstrated figure, then the firm is: (i) making normal accounting profit. (ii) making zero economic profit. (iii) breaking even. (iv) into an industry within long run equilibrium

  • Q : Total revenue for profit-maximizing TR

    TR stands for total revenue for this profit-maximizing pure competitor as in below figure equals area: (i) 0Phq2. (ii) 0bgq2. (iii) Pbgh. (iv) 0aeq1. (v) daef.

    Q : Imperfect competition-Market power of

    As MRP < VMP in imperfect competition whenever firms encompass market power as sellers then: (i) MPPL = VMP. (ii) The price of output surpasses MFC. (iii) Monopolistic exploitation becomes essential to get profit. (iv) Imperfect competition can’t reach the eq

  • Q : Merits of regional integration

    Elucidate the merits of regional integration?

  • Q : Abandonment of perfect competition This

    This needs to be identified that general abandonment of supposition of perfect competition, universal adoption of supposition of monopoly, need to have extremely destructive consequences for economic theory.” 

  • Q : Efficient price of a good by vantage

    The allocatively efficient price of a good by the vantage point of society is the price which equals the: (w) average social cost of producing this. (x) average variable cost of producing this. (y) total social cost of producing this. (z) marginal soc

  • Q : Profit-maximizing monopolists I have a

    I have a problem in economics on Profit-maximizing monopolists. Please help me in the following question. Profit-maximizing monopolists exploit the labor since: (i) Workers are paid very less than the value of their average physical products. (ii) The

  • Q : Types of good An increase in the income

    An increase in the income of consumer X leads to a fall/down in the demand for that good by the consumer. What is good X termed? Answer: Normal good