In Which Type of Election Is Money Not the Most

question 30

Multiple Choice

In which type of election is money not the most important resource?

• A)​municipal
• B)county
• C)state
• D)​federal
• E)none of these, as money is important in all types of elections

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Definitions:

Production Possibilities

A curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.

Opportunity Cost

Forgoing possible gains from alternative paths when one path is chosen.

Farmer

An individual engaged in agriculture, raising living organisms for food or raw materials.

Comparative Advantage

The ability of a party to produce a particular good or service at a lower marginal and opportunity cost than another.