The Clinton Presidency Revealed That Public Approval of the President

question 66

Multiple Choice

The Clinton presidency revealed that public approval of the president:

• A) varied considerably when there was no national crisis.
• B) tended to be more sensitive to scandal than it was to the state of the economy.
• C) tended to be more sensitive to the state of the economy than it was to scandal.
• D) was not a matter of luck but rather was within the control of the president.
• E) was influenced more by a president's ability to sell the president's policies than by actual outcomes and scandal.

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Definitions:

Producer Surplus

Producer surplus is the difference between what producers are willing to accept for a good compared to what they actually receive, usually measured by the area above the supply curve and below the market price.

Total Surplus

The aggregate net advantage to society, encapsulated by both consumer and producer surplus within a market.

Import or Export

The practice of buying goods or services from foreign suppliers (importing) or selling goods or services to foreign buyers (exporting).

World Price

The cost of a product or service in the international marketplace, dictated by supply and demand across the globe.