When Barack Obama's Approval Ratings Were High,polls Found That a Larger

question 46

Multiple Choice

When Barack Obama's approval ratings were high,polls found that a larger number of people claimed to have voted for him than actually did vote for him.Historians report that the percentage of people who remember voting for any president rises and falls with the president's approval ratings,perhaps because more people believe that they should have voted differently.This belief is an example of

• A) ideal culture.
• B) folkways.
• C) popular culture.
• D) cultural diffusion.

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Definitions:

Short Run

A period in economics during which some factors of production or inputs are considered fixed.

Long Run

The long run is a period in economics where all factors of production and costs are variable, allowing companies to adjust all inputs.

Profit

The profit earned when the revenue obtained from a business operation surpasses the expenses, costs, and taxes required to maintain that operation.

Loss

A financial condition that occurs when expenses exceed revenues, implying a negative profit.