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Economics
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7. Democracy must be based on:

a. One party system

b. Free and fair elections

c. Choice from only the ruling party 

d. All of the above

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Microeconomics
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Explaining the Democratic System of Government
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Raushan Raj
Raushan RajLv8
2 Nov 2020

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Related questions

1.Which of the following is true of the requirements for ratification to be effective?

A.The principal can accept certain parts of the agents act and reject others.

B. An individual must avoid misrepresenting himself or herself as an agent for another party.

C. The principal must have complete knowledge of all material facts regarding the contract.

D. The principal can avoid ratifying the unauthorized act.

2. If a principal is partially disclosed:

A. the third party would not know that an agent is acting on behalf of the principal.
B. only the agent would be liable in accordance with the contract.
C. the third party would be aware of the principal

In the long run, the greater burden of a specific tax will usually be absorbed by

a. consumers

b. the party- consumers or producers- with the more elastic demand/supply curve

c. the party with the least elastic demand/supply curve

d. shareholders and employees of the firm in the form of reduced dividends and wages

e. none of the above

10. Some of the drawbacks of democracy are:

a. Instability and delays

b. Corruption and hypocrisy

c. Politicians fighting among themselves

d. All of the above

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