In the State of Remary,in the Run Up to the General

question 3

Multiple Choice

In the state of Remary,in the run up to the general elections,a primary was conducted to select the top two candidates to represent the state.Candidates from all political parties participated in the same primary,regardless of party.The candidate receiving the highest number of votes and the candidate receiving the second highest number of votes then proceeded to contest in the general elections.This is an example of a(n) _____.

• A) closed primary 
• B) invisible primary 
• C) top two primary 
• D) blanket primary 
• E) open primary

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Definitions:

Supply Curves

A graphical representation of the relationship between the price of a good and the quantity of that good that suppliers are willing to produce and sell, under given conditions.

Marginal Cost

The cost incurred to produce one additional unit of a product or service.

Equilibrium Price

The price at which the quantity of a good demanded equals the quantity of that good supplied.

Tax Implications

The effects that taxes have on the financial outcomes of activities, including the impact on overall costs and benefits in business and personal finance.