Which of the Following Categories of People Are Most Likely

question 118

Multiple Choice

Which of the following categories of people are most likely to be liberal on social issues

• A)rich, highly-educated people
• B)average, middle class people
• C)less-educated working class people
• D)All these categories are equally likely to be liberal on social issues.

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Definitions:

Capital Equipment

Long-term assets acquired or used by a business for the production of goods and services, such as machinery, buildings, and vehicles.

Market Price

The current price at which an asset or service can be bought or sold in a given market, determined by supply and demand.

Equilibrium Quantity

The amount of a good or service that is supplied and demanded at the equilibrium market price.

Marginal Product

The additional output resulting from the use of one more unit of a factor of production.