According to the majoritarian vision of democracy, what role should citizens who hold minority preferences play in determining policy?
A. They should serve as a check on the power of the majority.
B. Their opinions should be a part of a consensus that determines policy.
C. Citizens with minority preferences should have no role in the policymaking process.
D. They should be as fully involved in the process as those who hold majority preferences.
C. Citizens with minority preferences should have no role in the policymaking process.
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The difference between consumption and capital goods is that
A) only big corporations can afford capital goods. B) capital goods are used to produce additional goods while consumption goods are not. C) capital goods are provided by the government. D) consumption goods can be enjoyed by many people at the same time. E) it is illegal to export capital goods.
Applying economic principles to the analysis of political decision making is political economy.
A. True B. False C. Uncertain
All of the following represent government spending as a part of aggregate demand except for:
A. Flood control. B. National parks. C. Police and fire protection. D. Social Security checks
Fractional ownership of a firm is represented by
A. a corporate bond. B. retained earnings. C. a share of stock. D. capital gains.