Source: Authors' Analysis of 1972-2012 American National Election Studies Data

question 14

Multiple Choice

Source: Authors' analysis of 1972-2012 American National Election Studies data.
-Which of the following is a potential danger of lack of political interest?

• A)authoritarian government
• B)voting along party lines-Consider This: People who are disengaged from politics often do not vote at all.
• C)class division
• D)an uninformed citizenry

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Definitions:

Perfectly Competitive Firm

A business operating in a market where it has no power to influence the price of its product; it is a price taker.

Marginal Cost

The financial outlay for producing a further unit of a product or service.

Perfectly Competitive Firm

A business that operates in a market where there are many buyers and sellers, each selling identical products, and no single buyer or seller can influence market prices.

Short Run

In economics, it denotes a period in which at least one input (e.g., capital) is fixed and cannot be altered.