Which of the Following Best Describes Realignment

question 8

Multiple Choice

Which of the following best describes realignment?

• A) It is of necessity tied to specific elections.
• B) It takes place when a substantial group of voters switches party allegiance.
• C) It takes place when one dominant party replaces another one.
• D) It took place on schedule in 2004.
• E) It has been predicted as inevitable in the foreseeable future.

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Definitions:

Deadweight Loss

A loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is not achievable.

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specific time frame.

Tariff

Tariff is a tax imposed on imported goods and services to regulate trade and to increase government revenue.

International Trade

International trade involving the transfer of goods and services between countries or areas.