When There Is Unanimous Agreement on an Issue

question 77

Multiple Choice

When there is unanimous agreement on an issue,

• A)there always will be a politician who thinks he or she knows better.
• B)politics will never allow it to be achieved.
• C)the political system will yield the preferred outcome.
• D)no political process will result in a consensus being reached.
• E)voting always leads to an inferior outcome.

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Definitions:

Revolving Credit Agreement

A credit facility extended by a lender to a borrower that allows the borrower to draw down or withdraw, repay, and redraw loans advanced to it up to a certain agreed amount.

Speculative Demand

Demand for a good or service based not on its inherent value or utility, but on expectations of future price changes or market conditions.

Abrupt Drop

A sudden and steep decline in the value or level of something, such as the stock market or an individual stock.

Marketable Securities

Highly liquid short-term debt investments held by companies instead of cash. Marketable securities provide nearly the liquidity of cash but earn a modest return.