Partisan Elected Officials Tend to Have Ideologies That Are

question 19

Multiple Choice

Partisan elected officials tend to have ideologies that are

• A)more consistent than other Americans.
• B)less consistent than other Americans.
• C)show the same variation as other Americans.
• D)are more consistent for Republicans than Democrats.
• E)are more consistent for Democrats than Republicans.

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Definitions:

Constant-Cost Industry

An industry in which the cost of production does not change as the industry's output changes.

Long-Run Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied over a period long enough for firms to enter or exit the market.

Prices of Resources

The costs associated with acquiring the inputs needed for production, such as labor, raw materials, and capital.

Economic Profits

The variance between gross income and total costs, considering both explicit and implicit expenses.