To Be Elected to the Senate, a Person Must Be

question 65

Multiple Choice

To be elected to the Senate, a person must be

• A) at least twenty-five years of age.
• B) at least thirty years of age and must have been a citizen of the United States for at least nine years prior to his or her election.
• C) at least thirty years of age and a natural born citizen of the United States.
• D) a natural born citizen of the United States and a legal resident of the state from which he or she is to be elected.
• E) at least thirty-five years of age and a legal resident of the state from which he or she is to be elected.

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Definitions:

Economic Profit

The financial difference resulting from deducting both visible and hidden costs from total revenue.

Profit-Maximizing Level

The point at which a business achieves its highest level of profit with its current resources and market conditions.

Economic Profit

The gap highlighted by the difference in total income and total outgoings, including every cost, for a company.

Monopolistically Competitive

A monopolistically competitive market structure is characterized by many firms offering differentiated products or services, allowing for some degree of market power and pricing over their unique products.