Political Parties Create A_______________ , Which Is a Formal Statement

question 54

Multiple Choice

Political parties create a_______________ , which is a formal statement of the party's political positions on various social and economic issues.

• A) policy
• B) regulation
• C) platform
• D) principle

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Definitions:

Minimum

The lowest permissible limit or the least possible amount or degree of something.

Marginal Cost

The funds required to produce an extra item of a product or service.

Average Fixed Cost

Fixed production charges (remaining constant irrespective of output size) partitioned by the amount of production.

Average Total Cost

Average total cost is the total cost of production divided by the total quantity produced, representing the cost per unit of output produced.