Which of the Following Statements Regarding Political Campaigns Is FALSE

question 10

Multiple Choice

Which of the following statements regarding political campaigns is FALSE?

• A)Most people pay relatively little attention to campaigns.
• B)Party identification influences voting behavior regardless of what happens in campaigns.
• C)Incumbents start with a substantial advantage in terms of name recognition and an established track record.
• D)Campaigns never change voters' minds.
• E)In tight races,a good campaign can make the difference between winning and losing.

Recognize the distribution of wealth among different percentiles of wealth holders in 2013 in the United States.

Differentiate between the distribution of wealth and income inequality in the United States.

Understand the relationship between statutory minimum wage levels and employment.

Assess the effect of policy on income distribution through concepts like market and disposable income Gini coefficients.

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Definitions:

Inflation Rate

A measure of the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Real Rate

This is the interest rate adjusted for inflation, representing the real cost of borrowing and the real yield to lenders or investors.

Interest

The cost of borrowing money, typically expressed as an annual percentage rate, or the return on investment for savings.

Inflation

The frequency at which the overall cost of goods and services elevates, depreciating the purchasing power.