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Understand the role and regulation of Political Action Committees (PACs) and Super PACs in political campaigns.
Analyze the factors contributing to the dominance of a two-party system and the role of third parties in American politics.
Identify the primary sources of campaign donations and understand how these funds are regulated.
Comprehend the concept of "dark money" and its implications in political campaigns.

Definitions:

Slope of Budget Line

The rate at which one good can be exchanged for another without changing the overall spending, reflecting trade-offs in consumer choice.

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with higher elasticity indicating a stronger response.

Change in Price

A variation in the cost of a good or service over a period which can affect demand and supply dynamics in the market.

Price of X

The amount of money required to purchase a specified good or service, indicated here as "X."

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