USculture Is Based on a Democratic Government,which Adheres to the Belief

question 5

Multiple Choice

U.S.culture is based on a democratic government,which adheres to the belief that power is in the hands of the people.People in the U.S.believe in this ______ and vote because they want to exert their right to do so.

• A)folkway
• B)ideology
• C)symbolic culture
• D)contradiction

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Definitions:

Relatively Elastic

Describes a situation where a small change in price leads to a relatively larger change in the quantity demanded or supplied of a good or service.

Demand for Gasoline

Describes how much gasoline consumers want to buy at various prices, often influenced by factors like income and price of substitutes.

Price Inelastic

Describes a situation where the quantity demanded or supplied of a good or service changes little when its price changes.

Short Run

A time period in economics during which at least one input or factor of production is fixed and cannot be changed, limiting the immediate response to changes in demand or technology.