If You Were Making an Argument for the Use of Public

question 97

Multiple Choice

If you were making an argument for the use of public opinion polling to set public policy, which of the following statements would help you make your case?

• A) Ordinary American citizens are poorly informed about politics.
• B) Americans tend to support government policies that make their economic positions worse.
• C) Most Americans do not know what goes on in the world.
• D) In a democracy, the people must have their voice heard by those in government.
• E) Repeated surveys of the same Americans have found that their responses to policy questions seem to change randomly.

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Definitions:

LIFO Reserve

An accounting term that represents the difference between the cost of inventory calculated using the Last-In, First-Out (LIFO) method and using the First-In, First-Out (FIFO) method.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.

Absorption Costing

An accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a product.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and equipment costs.