John Stuart Mill Believed That Any Form of Government Should

question 22

Multiple Choice

John Stuart Mill believed that any form of government should be judged on its ability to

• A)offer the individual a "plethora of policy options" in the democratic process.
• B)transfer power peacefully from one set of governing officials to the next.
• C)provide social services for its citizenry.
• D)maintain peace and order in the territory over which it has control.
• E)promote the individual as "a progressive being."

---

Definitions:

Input Prices

The costs associated with purchasing the raw materials, labor, and other factors of production required to produce goods or services.

Industry Expands

The process of growth within a specific sector of the economy, characterized by an increase in output, sales, or the number of operators.

Average Total Cost Curve

A graphical representation showing the average total cost of producing different quantities of output.

Purely Competitive Firm

A company that operates in a market where there are many buyers and sellers, the products are homogeneous, and there are no barriers to entering or exiting the market.