One Can Argue That Political Ideologies Are Not About to End

question 30

Multiple Choice

One can argue that political ideologies are not about to end or disappear because

• A) no one can even imagine what life would be like without ideologies.
• B) ideologies help people understand and deal with new problems and complicated conflicts.
• C) people will cling to ideologies simply because they are familiar and comfortable.
• D) all ideologies promote nationalism, which will continue to be important in the next century.
• E) jihad is stronger than McWorld.

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Definitions:

Marginal Revenue

The additional revenue that a company gains from selling one more unit of a product or service.

Price-Discriminating Firms

Companies that charge different prices to different customers for the same product or service, based on willingness to pay.

Elastic Demand

Describes a situation where the quantity demanded of a good or service significantly changes in response to a price change.

Price Structure

The organization and setting of various prices within a company's range of products or services.