The Following Questions Refer to the Cartoon Below

question 22

Multiple Choice

The following questions refer to the cartoon below.

Library of Congress Prints and Photographs Division Washington,D.C[LC-DIG-ppmsca-15782]
James Wales,"15-14-13-The Great Presidential Puzzle"
-The political party that is reflected in the author's point of view is

• A) the Republican Party.
• B) the Federalist Party.
• C) the Populist Party.
• D) the Greenback Labor Party.

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Definitions:

Opportunity Cost

The forfeiting of possible gains that could be obtained from exploring other options, when one is chosen.

Absolute Advantage

The capacity for a nation, person, corporation, or area to manufacture a product or render a service at a more affordable per-unit expense than what any other party can achieve.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than other entities, leading to specialized production and trade benefits.

Toy Cars

Small-scale replicas of automobiles, typically designed for play or collection.