Issues Such as the Environment, Health Care, Retirement Benefits, and Taxation

question 8

Multiple Choice

Issues such as the environment, health care, retirement benefits, and taxation are on the political agenda in the United States because

• A)these are the only issues that are important to all Americans.
• B)these are the only problems that have yet to be solved by the free market.
• C)contemporary political parties mainly compete for the support of middle-class Americans, and these issues are important to the middle class.
• D)the Constitution limits the federal government's powers to legislate on these issues.

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Definitions:

Mass Production

The manufacture of large quantities of standardized products, often using assembly line or automation technologies.

Production Possibilities

The different quantities of goods and services an economy can produce when all its resources are fully and efficiently utilized.

Opportunity Cost

The expense incurred by not choosing the second-best option available during decision-making.

Farmer

An individual engaged in agricultural activities, involved in the cultivation of crops or the raising of livestock.