Countries That Appear to Have Many of the Trappings of Democracy

question 21

Multiple Choice

Countries that appear to have many of the trappings of democracy but restrict the democratic process to a great degree are known as

• A) illiberal regimes.
• B) crypto-democracies.
• C) democratic tyrannies.
• D) subdemocracies.

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Definitions:

Price Elasticity of Supply

An indicator of the sensitivity of the amount of a product supplied to fluctuations in its price.

Price Elasticity of Supply

A measure of how much the quantity supplied of a good responds to a change in the price of that good, indicating the producers' ability to adjust supply when prices change.

Inelastic Demand

A situation where the demand for a good or service does not significantly change in response to a change in price.

Total Revenues

The total amount of income generated by the sale of goods or services related to the company's primary operations.