Suppose the Price of a Football Is $20

question 494

Multiple Choice

Suppose the price of a football is $20.00 and the price of a basketball is $10.00. The of a football is _.

• A) opportunity cost; $20.00
• B) opportunity cost; $10.00
• C) relative price; 1/2 basketball
• D) relative price; 2 basketballs

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Definitions:

Straight-Ticket Voting

Straight-ticket voting is the practice of voting for all the candidates of the same political party on a ballot.

Independents

Voters or political candidates who do not affiliate with any established political party.

Winner-Take-All

An electoral system in which the candidate who receives the most votes wins the entire election or all available seats, as opposed to proportional representation systems.

Proportional Representation

A voting system where the allocation of seats to parties is directly proportional to the amount of votes they receive.