Which of the Following Developments Helped Change the Party System

question 243

Multiple Choice

Which of the following developments helped change the party system from the fifth to sixth eras

• A) Democrats became the party of the civil rights movement.
• B) Conservatives left the Democratic party.
• C) Democrats began to welcome feminists, gay men, and others into the party.
• D) The Democrats opposed the Vietnam war.
• E) all of the above

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Definitions:

Recognized Gain

The portion of a capital gain on which taxes must be paid, typically realized when an asset is sold for more than its purchase price.

Adjusted Basis

The original cost of a property plus improvements and minus depreciation or damages, used to calculate capital gains or losses.

Fair Market Value

The price at which a property would sell under normal conditions in an open and competitive market.

Recognized Gain

This is the portion of gain realized from the sale or exchange of an asset that is subject to taxation under the IRS code.