In December 1998, the House of Representatives Voted to Impeach

question 2

Multiple Choice

In December 1998, the House of Representatives voted to impeach President Clinton on two counts, including ___________________.

• A) depriving Americans of their constitutional right of free speech
• B) manipulation of the media for the purpose of defrauding the public
• C) perjury in his testimony before a grand jury
• D) abuse of power

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Definitions:

Fixed Costs

Expenses that do not change with the level of output produced, such as rent, salaries, and insurance.

Real Opportunity Cost

The value of the best alternative forgone as a result of making a particular choice, expressed in terms of real goods and services.

Producing Product

The process of creating goods or services that are offered in the market for consumption or use.

Resources

Assets or inputs used to produce goods and services.