Before the Introduction of the Australian Ballot to the American

question 155

Multiple Choice

Before the introduction of the Australian ballot to the American system, each ballot was

• A)secret.
• B)identical.
• C)administered by the states.
• D)exclusive to one party.

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Definitions:

Shortage/Surplus

A state in the marketplace where the demand for a good surpasses its supply, causing a shortage, or where the supply of a product outpaces its demand, resulting in a surplus.

Demand Schedule

A chart detailing the amount of a product that buyers are ready and capable of buying at different price levels.

Supply Schedule

A table or graph showing the quantity of a product that producers are willing to supply at different prices over a specified period.

Supply Curve

An illustrated depiction that maps out the connection between a product's price and the volume of the product that providers are ready to sell.