MATCHING Match Each Person with One of the Descriptions Below

question 55

Multiple Choice

MATCHING
Match each person with one of the descriptions below.
-Sarah Palin

• A)was an Alaska governor and darling of the Tea Party
• B)carried Florida by 537 votes in 2000
• C)became House Speaker as a result of the 2006 election
• D)was the independent counsel who prosecuted Bill Clinton
• E)finished third in the 1996 presidential elections
• F)authored the Contract with America
• G)was appointed secretary of state by Barack Obama
• H)was the Federal Reserve Board chairman
• I)was appointed secretary of defense by Barack Obama
• J)was a central figure in a major sex scandal

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Definitions:

Consumer Surplus

The benefit or surplus that consumers receive from purchasing goods and services at a price lower than the highest price they would be willing to pay.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price in a given time period.

Quantity Supplied

The amount of a good or service that producers are willing to sell at a particular price.

Price Ceiling

A government-imposed limit on the price charged for a product, intended to prevent prices from rising too high.