During the 1990s, Twenty-Three States Passed Laws

question 5

Multiple Choice

During the 1990s, twenty-three states passed laws

• A) legalizing gay marriage.
• B) limiting the rights of gay, lesbian, and bisexual Americans.
• C) banning all abortions except for medical emergencies.
• D) making English the official language.
• E) raising the drinking age to twenty-one.

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Definitions:

Expected Revenue

The total amount of money anticipated to be received for goods or services sold, calculated over a specific period.

Probability

A measure of the likelihood that a particular event will occur.

Reservation Price

The maximum amount a buyer is willing to pay for a good or service or the minimum amount a seller is willing to accept.

English Auction

An auction format where buyers bid openly against one another, with each subsequent bid higher than the previous, until the highest bidder wins.