Ideally, an important aspect of a democracy is an ______.
a. informed electorate
b. electorate that trusts authority figures
c. equal distribution of resources
d. obvious distinction among classes
a. informed electorate
You might also like to view...
A firm will expand the amount of output it produces as long as its
A) average total revenue exceeds its average total cost. B) average total revenue exceeds its average variable cost. C) marginal cost exceeds its marginal revenue. D) marginal revenue exceeds its marginal cost.
The above table shows Tammy's total utility from videos and CDs. If Tammy has $70 to spend on videos and CDs and if the price of a video is $10 and the price of a CD is $20, then Tammy maximizes her utility by purchasing
A) 3 CDs and 1 video. B) 1 CD and 5 videos. C) 2 CDs and 3 videos. D) none of the above
By providing and communicating information, the financial system
A) reduces the difference between the return on three-month U.S. Treasury bills and the return on thirty-year U.S. Treasury bonds. B) relieves individual savers from the necessity of searching out individual borrowers. C) eliminates the risk in investing in the stock market. D) guarantees investors a reasonable return on their money.
In a representative democracy, some responsibility for government extends to all citizens
a. True b. False Indicate whether the statement is true or false