How Is Party Identification Different from Formal Membership in a Party

question 83

Multiple Choice

How is party identification different from formal membership in a party?

• A) Party identification does not change.
• B) One must receive permission before identifying with a party.
• C) Identifying with a party does not give someone any direct influence over what that party does.
• D) Only citizens can be formal members, while anyone can identify with a party.
• E) We refer to people who support Republicans as "identifying" with them and those who support Democrats as "formally" supporting them.

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Definitions:

Opportunity Cost

The cost of opting for one choice over another, essentially the benefits you could have received by taking an alternative action.

Internal Rate Of Return

The internal rate of return is a financial metric used to evaluate the profitability of investments, calculating the discount rate that makes the net present value of cash flows from an investment equal to zero.

Hurdle Rate

The minimum rate of return on a project or investment required by a manager or investor, often used in capital budgeting to measure investment risk.

Compound Interest Table

A table that shows the amount of compound interest that will be accrued on a principal amount over a period of time at various interest rates.