The Reason That Woodrow Wilson Won the Presidency in 1912

question 17

Multiple Choice

The reason that Woodrow Wilson won the presidency in 1912 was

• A)that God ordained it.
• B)because Taft and Roosevelt split the Republican vote.
• C)because the voters knew Wilson would not take them to war in Europe.
• D)because the people were tired of Republican presidents.
• E)that he ran a better campaign than his opponents.

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Definitions:

Government Subsidies

Financial support provided by the government to organizations, businesses, or individuals, aimed at promoting certain activities or reducing costs.

Long-Run Equilibrium

A situation where all factors of production and costs are variable, and all firms in a market are earning zero economic profit, indicating no incentive for market entry or exit.

Competitive Firm

A company operating in a market where there are many buyers and sellers, none of which can influence the market price.

Average Fixed Cost

The fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced.