Question

who ran against president obama in the 2012 presidential election?
john mccain
george w. bush
mitt romney
bill clinton
24 multiple choice 1 point
the 1% refers to...
the government.
the wealthiest 1% of americans.
the poorest 1% of americans.
the most elite political families.
25 multiple choice 1 point
stock prices fell by what percentage during the great recession?
83%
45%
37%
63%

Explanation:

Question 1 (Who ran against President Obama in the 2012 presidential election?)

In the 2012 U.S. presidential election, Barack Obama (the incumbent) was challenged by Mitt Romney, the Republican nominee. John McCain ran against Obama in 2008, George W. Bush was president before Obama and not a 2012 candidate, and Bill Clinton was a former president and not a 2012 candidate.

The term "the 1%" in socio - economic discussions typically refers to the wealthiest 1% of Americans, who hold a significant portion of the nation's wealth and income. It is not the government, the poorest 1% (as the poorest would be the "99%" in the common "1% vs 99%" narrative), or just elite political families.

During the Great Recession (2007 - 2009), major stock market indices like the S&P 500 fell by approximately 57% from its peak in October 2007 to its trough in March 2009. Among the given options, 63% is the closest approximation of the significant decline in stock prices during that period. 83% is too high, 45% and 37% are lower than the actual decline magnitude.

Answer:

C. Mitt Romney

Question 2 (The 1% refers to...)