By the Time Bill Clinton Ran for President in 1992

question 61

Multiple Choice

By the time Bill Clinton ran for president in 1992, he had already emerged as the dynamic leader of the ______________ , who sought to win back the middle-class white who had voted Republican in the 1980s.

• A)"Southern Liberals"
• B)"Arkansas Rebel Democrats"
• C)"Dixiecrats"
• D)"Moderate Independents"
• E)"New Democrats"

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Definitions:

Total Surplus

The sum of consumer surplus and producer surplus in a market; it measures the total benefit to society from the production and consumption of goods and services.

AC

Average Cost, which is the total cost of production divided by the quantity of output produced.

Monopolist

A single seller in a market who has significant market power and can influence the price and quantity of goods or services.

AC

Average Cost; the total cost of production divided by the quantity produced, indicating the cost per unit of output.