Which One of the Following Statements Is Accurate Regarding the 2014

question 41

Multiple Choice

Which one of the following statements is accurate regarding the 2014 midterm election?

• A) The Democrats gained seats in both the U.S. House of Representatives and the U.S. Senate.
• B) The Democrats lost seats in both the U.S. House of Representatives and the U.S. Senate.
• C) The Republicans lost control of the U.S. House of Representatives.
• D) The Republicans gained more than 60 seats in the U.S. House of Representatives and 16 U.S. Senate seats.

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Definitions:

Market Supply Curve

A graphical representation showing the total quantity of a good that sellers are willing and able to sell at various prices.

Output

The total quantity of goods and services produced by an economy, company, or process over a specific period.

External Costs

Costs of economic activities that are not borne by the individuals or enterprises involved in the transaction but are instead imposed on third parties or society at large, such as pollution.

Market Supply Curve

A graphical representation showing the total quantity of a good that producers are willing to sell at various price levels in a given market.