Which of the Following Describes Realignment

question 10

Multiple Choice

Which of the following describes realignment?

• A) awarding legislative seats to political parties according to percentages of the popular vote
• B) the process by which one party supplants another as the dominant party in a two-party system
• C) a gradual reduction in the dominance of one political party without another supplanting it
• D) the process by which parties gain approximately equal representation in a multiparty system
• E) the unification of various factions in a political party to represent a united front during a campaign

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Definitions:

Marginal Product

The marginal product is the additional output resulting from a one-unit increase in the use of a variable input while holding other inputs constant.

Wage Rate

The amount of compensation that workers receive in exchange for their labor per unit of time.

Weak Axiom

A fundamental principle in consumer theory that if a consumer chooses bundle A over bundle B when both are affordable, then the consumer will not choose B over A if A's price decreases or B's price increases, all else being equal.

Profit Maximization

The process by which a firm determines the price and output level that returns the greatest profit.