Which of the Following Is NOT True of Japan's Political

question 27

Multiple Choice

Which of the following is NOT true of Japan's political parties?

• A) Most are host to entrenched factions.
• B) They receive state subsidies.
• C) They are mass parties with substantial grassroots memberships.
• D) They generally play no substantial role in subnational politics.
• E) There are five major political parties in Japan although small minor parties have come and gone over the years.

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Definitions:

Implicit Costs

Costs that represent potential benefits foregone when resources are not utilized in their next-best alternative use.

Economic Profit

The financial gain achieved when revenues from business activity exceed the explicit and implicit costs of that activity.

Implicit Costs

Costs that represent the opportunity costs of using resources that the firm already owns, unlike explicit costs which involve direct monetary outlay.

Economic Loss

A decrease in financial wealth, goods, or resources, often as a result of business activities or economic policy decisions.