Which of the Following Statements Best Describes the Attitude of the American

question 21

Multiple Choice

Which of the following statements best describes the attitude of the American people toward political parties?

• A)Americans feel strong personal loyalties to their parties.
• B)Americans see parties as inherently undemocratic.
• C)Americans would like to see many more than two parties.
• D)Americans recognize the value of parties but distrust the existing ones.
• E)Americans are ideologically divided, as are parties.

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Definitions:

Profit

The surplus amount after all expenses are deducted from the total income generated by a business or investment.

Price Discrimination

Charging different prices to different buyers for identical products.

Perfectly Price Discriminate

A situation where a seller charges each buyer their maximum willingness to pay, capturing all consumer surplus as profit.

Surplus

A condition where the supply of a product or service surpasses its demand at the existing price.