One Striking New Feature of the 1932 Presidential Election Results

question 11

Multiple Choice

One striking new feature of the 1932 presidential election results was that

• A) the South had shifted to the Republican party.
• B) Democrats made political gains in the normally rock-ribbed Republican western states like Kansas.
• C) despite the calamity of the Great Depression, the popular and the electoral vote for president was surprisingly close.
• D) a clear gender gap opened up in which more women favored the Democrats.
• E) African Americans shifted from their Republican allegiance and became a vital element in the Democratic party.

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Definitions:

Prices of Capital

Prices of capital refer to the cost of acquiring, maintaining, and using productive assets such as buildings, machinery, and equipment for producing goods or services.

Prices of Labor

Generally refers to the wages received by workers for their labor, determined by the supply and demand for labor in the market.

Isocost Line

A graphical representation showing all possible combinations of inputs that can be purchased with a given total cost.

Slope

In mathematics and economics, this term refers to the steepness of a line on a graph, indicating the rate of change between variables represented on the axes.