Elements of Liberal Democracy Include All of the Following Except

question 15

Multiple Choice

Elements of liberal democracy include all of the following except

• A) free speech.
• B) consent of the governed.
• C) the rule of law.
• D) protection against arbitrary action by government.
• E) market fundamentalism.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or sales volume, such as raw materials or commission on sales.

Fixed Expenses

Costs that do not change with the level of production or business activity.

Unit Contribution Margin

The amount by which the selling price of a unit exceeds its variable costs, indicating how much it contributes to covering fixed costs and generating profit.

Fixed Expenses

Expenses that remain constant regardless of production or sales volume, including rent, salaries, and insurance.