What Lesson Was Learned from the Patterson-McClure Study

question 25

Multiple Choice

What lesson was learned from the Patterson-McClure study?

• A) Stonewalling is an effective campaign tactic.
• B) The biggest spender wins the election.
• C) Political advertising can make a crucial difference.
• D) Dishonest politicians seldom get elected.
• E) Canada has fewer political scandals than the U.S.

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Definitions:

Double-Coincidence

The situation in a barter system where two parties each possess an item the other wants, enabling an exchange without the need for a medium of exchange like money.

Barter

Trading goods or services directly without the use of money as a medium of exchange.

Demand Deposits

Balances in bank accounts that depositors can access on demand by writing a check.

Liquid

In financial terms, describes assets that can be easily converted into cash without much loss in value.