Since 1960, Americans' Sense of Political Efficacy Has

question 62

Multiple Choice

Since 1960, Americans' sense of political efficacy has

• A) increased considerably.
• B) decreased considerably.
• C) remained relatively constant.
• D) had no effect on the quality of American democracy.

---

Definitions:

Marginal Cost

The cost associated with producing an additional unit of a product, emphasizing its importance in economic decision-making.

Average Cost

The total cost of production divided by the quantity produced, measuring the cost on a per-unit basis.

Surplus

When the quantity supplied of a commodity surpasses the quantity demanded, often resulting in a decrease in price to balance the disparity.

Monopolist

An individual or entity that has exclusive control over the production and selling of a particular good or service.