The Selection of the Vice Presidential Nominee at the National

question 61

Multiple Choice

The selection of the vice presidential nominee at the national convention is based on the

• A)results of the primaries and caucuses; the candidate who places second in these contests is nominated as the running mate of the candidate who finishes first.
• B)convention delegates' judgment as to the candidate who would make the best vice president.
• C)results of public opinion polls taken just before the convention begins.
• D)presidential nominee's choice of a running mate.
• E)None of these answers is correct.

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Definitions:

Prisoner's Dilemma

A standard example of a game analyzed in game theory that shows why two completely rational individuals might not cooperate, even if it appears that it is in their best interest to do so.

Nash Equilibrium

A concept in game theory where no participant can gain by changing only their own strategy, assuming other participants' strategies remain unchanged.

Homogeneous Oligopoly

A market structure where a few firms offer products or services that are essentially identical and thus are substitutes for each other.

Oligopolistic Industries

Sectors characterized by a small number of large firms that have significant control over market prices and competition.