A Landmark in the Decline of WASP Social Power in the United

question 21

Multiple Choice

A landmark in the decline of WASP social power in the United States was

• A) the election of Bill Clinton in 1992.
• B) the election of John F. Kennedy in 1960.
• C) the election of Franklin D. Roosevelt in 1932.
• D) the election of Abraham Lincoln in 1860.

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Definitions:

Private Goods

Goods that are excludable and rivalrous in consumption, meaning access can be limited and consumption by one individual prevents others from consuming the same good.

Public Goods

Goods that are non-excludable and non-rival in consumption, meaning they are available for everyone to consume regardless of who pays and one person's consumption does not reduce availability to others.

Reward Power

The ability of an individual to influence the behavior of others by offering or withholding incentives.

Positive Outcomes

Beneficial results or effects that stem from a particular action, strategy, or intervention.