In the Presidential Election of 2000

question 151

Multiple Choice

In the presidential election of 2000,

• A) Al Gore's refusal to allow a recount of the votes in Florida gave that state's electoral votes and the presidency to George W. Bush.
• B) no candidate received a majority of the electoral votes, and thus the election was decided by the House of Representatives, which gave the presidency to George W. Bush.
• C) the Supreme Court, in a narrow 5-to-4 vote, ended the vote recount in Florida, thus giving Florida's electoral votes and the presidency to George W. Bush.
• D) a fifteen-member Electoral Commission gave Florida's electoral votes and the presidency to George W. Bush.

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Definitions:

Purchasing-Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" to assess the relative value of currencies.

Exchange Rates

The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of another.

Long Run

A period of time in which all factors of production and costs are variable, allowing all aspects of an enterprise to be adjusted.

Appreciates

When the value of an asset, currency, or commodity increases in value over time in relation to other forms of currencies or commodities.