All the Following Statements Regarding the 1996 Presidential Election Are

question 90

Multiple Choice

All the following statements regarding the 1996 presidential election are true except

• A)Robert Dole chose Jack Kemp as his Republican running mate.
• B)Ross Perot ran again as he had in 1992 though he was less aggressive.
• C)Clinton won with just over 50 percent of the vote.
• D)Clinton was the first Democratic to win at least two terms since Franklin Roosevelt.
• E)Clinton had about the same margin of victory as in 1992.

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Definitions:

Fixed Costs

Costs that do not vary with the level of output or sales in the short term, such as rent, salaries, or loan payments.

Long Run

A period of time in economics in which all factors of production and costs are variable, allowing all inputs to be adjusted.

Output

The total amount of goods or services produced by a company, industry, or economy within a specified period.

Total Cost

The complete cost of production, including both fixed and variable costs, incurred by a firm in producing and selling a quantity of a good or service.