In Running for the Presidency in 1968, Richard Nixon ____________________

question 5

Multiple Choice

In running for the presidency in 1968, Richard Nixon ____________________.

• A) criticized the containment doctrine
• B) called for an end to the welfare state
• C) pledged to halt the rise in African-American unemployment by offering job-training programs in inner-city neighborhoods
• D) promised to end the war in Vietnam

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Definitions:

Binding Price Floor

A legally established minimum price above the equilibrium price, causing a surplus in the market.

Hybrid Cars

Vehicles powered by a combination of an internal combustion engine and one or more electric motors, utilizing both fuel and electricity.

Consumer Surplus

The gap between what consumers are prepared to pay for a good or service and what they actually do pay.

Binding Price Floor

A minimum price set by the government for certain goods and services that is above the equilibrium price, causing a surplus.