Goods That Can Be Produced at a Constant or Very

question 279

Multiple Choice

Goods that can be produced at a constant or very gently rising opportunity cost have

• A) an elastic demand.
• B) an inelastic demand.
• C) an inelastic supply.
• D) an elastic supply.
• E) a unit elastic demand.

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Definitions:

Southern Strategy

A Republican Party electoral strategy to increase political support among white voters in the South by appealing to racism against African Americans.

Richard Nixon

The 37th President of the United States, serving from 1969 to 1974, known for ending American involvement in Vietnam and for his resignation following the Watergate scandal.

Civil War

A war between citizens of the same country, often characterized by intense, internal conflict over political, social, or economic issues.

Modern Republican Party

Refers to the contemporary iteration of the Republican Party in the United States, which emphasizes conservative economic policies, strong national defense, and varying stances on social issues.