Why Did the Founders Create the Electoral College

question 89

Multiple Choice

Why did the Founders create the Electoral College?

• A) To ensure that they could rig presidential elections in favor of the highest bidder
• B) To ensure that the masses of voters, who could be manipulated, could not directly elect the president
• C) To create a sense of fairness in the electoral process
• D) All of the above

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Definitions:

Marginal Decision Rule

A principle that suggests decisions should be made by considering the additional benefits and costs of one more unit of change.

MC > MR

A condition where the marginal cost of producing an additional unit is greater than the marginal revenue gained from selling it, which suggests a decrease in production to maximize profits.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for differentiation and some degree of market power.

Long Run

A period in which all factors of production and costs are variable, allowing companies to adjust to changes in the market.