The British Party System Is Often Called a "Two-And-A-Half Party

question 26

Multiple Choice

The British party system is often called a "two-and-a-half party system" because the

• A) Labour Party has two unofficial wings that operate with different policy objectives.
• B) House of Lords is part of government but is not popularly elected.
• C) Scottish National Party holds only a regional sway instead of a national one.
• D) Liberal Democratic Party trails far behind the Conservative and Labour parties in electoral strength.

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Definitions:

Marginal Product

The additional output gained by employing one more unit of a particular input, keeping other inputs constant.

Bushels

A unit of volume that is used primarily in the United States for measuring agricultural commodities such as grains.

Long Run

An economic phase where all production elements and expenses can adjust completely, adapting to changes due to their variable nature.

Variable Inputs

Production factors that can be adjusted in the short term to change the level of output, such as labor and raw materials.