The Distribution of Individual Preferences or Evaluation of a Given

question 24

Multiple Choice

The distribution of individual preferences or evaluation of a given issue, candidate, or institution within a population is called

• A)cumulative attitudes.
• B)public opinion.
• C)individual preference.
• D)distribution.
• E)consensus.

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Definitions:

ATC Curve

The Average Total Cost curve, it represents the per-unit total cost of production (fixed plus variable costs divided by total output) at various levels of output.

Short Run

In economics, the short run is a period during which at least one input, such as factory size or machinery, is fixed and cannot be changed.

Long Run

A period of time in which all factors in a production process can be varied, allowing for the adjustment to changes in market or economic conditions.

Economic Power

The ability of an entity or country to influence or control economic activities, including production, trade, and consumption.