Richard Nixon Was Selected as Dwight Eisenhower's Vice-Presidential Running Mate

question 37

Multiple Choice

Richard Nixon was selected as Dwight Eisenhower's vice-presidential running mate in 1952 as a concession to the

• A) corporate interests.
• B) liberal Republicans.
• C) hard-line anti-communists.
• D) moderate Republicans.
• E) Southern Republicans.

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Definitions:

Free Trade

Worldwide trading conducted without interference through tariffs, quotas, or restrictions, following its inherent course.

Accounting Profits

The net income of a company calculated by subtracting total expenses from total revenues, following accounting rules.

Natural Monopoly

A market condition where due to high fixed costs or unique resources, a single firm can supply a product or service at a lower cost than any potential competitor, thus dominating the market.