Why Did Literary Digest Predict the 1936 Presidential Election Incorrectly

question 21

Multiple Choice

Why did Literary Digest predict the 1936 presidential election incorrectly?

• A) Only a small number of ballots were actually returned.
• B) The sample was badly biased for an election that divided the electorate strongly along economic lines.
• C) The size of the sample was too big so that the margin of error in the poll was not precise.
• D) The ballots were sent out from Kansas, where one of the contenders lived.

Comprehend the implications of changes in supply and demand on market equilibrium.

Understand the determinants of supply in the market.

Differentiate between movements along the supply curve and shifts in the supply curve.

Identify factors that cause an increase or decrease in the supply of a good.

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Definitions:

Warranty Disclaimers

Legal statements that negate or limit the seller's liability for certain defects or failures in the goods or services provided.

Written

Expressed or conveyed by means of letters or symbols on a surface, typically intended to ensure permanence and clarity of the communication.

Liability

A legal obligation or responsibility that may arise from contracts, torts, or statutes requiring one party to compensate another.

Section 402A

A provision found within the Restatement (Second) of Torts that deals with the liability of sellers for harm caused by defective products they have sold.