1. We have heard a good deal in recent years about the declining importance of the two major political parties. It is the mass media, we are told, that decide the outcome of elections, not the power of the parties. But it is worth noting that no independent or third-party candidate has won any important election in recent years, and in the last nationwide campaign, the two major parties raised and spent more money than ever before in support of their candidates and platforms. It seems clear that reports of the imminent demise of the two-party system are premature at best.
With reference to above passage, following assumptions have been made: