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Who Has the Burden of Showing That Intervention Is Necessary

question 94

Multiple Choice

Who has the burden of showing that intervention is necessary for the protection of either the minor or society?

Understand the impact of changes in prices and income on consumer choices as reflected by movements along and shifts in the budget line.
Assess the relationship between economic measures such as GDP per capita and non-economic factors on consumer happiness and satisfaction.
Understand the basic definitions and characteristics of different business organizations like sole proprietorships, partnerships, and corporations.
Identify the legal documents and regulatory requirements needed to establish different forms of business organizations.

Definitions:

Increase Mather

A prominent Puritan clergyman in colonial America, known for his role in the administration of the Massachusetts Bay Colony and his involvement in the Salem witch trials.

English Bill of Rights

An act passed in 1689 that laid down limits on the powers of the monarch and set out the rights of Parliament and rules for freedom of speech within Parliament, forming a foundation for the British constitutional monarchy.

Glorious Revolution

The event in 1688-1689 in which James II of England was overthrown and replaced by William III and Mary II, marking a pivotal shift towards parliamentary sovereignty.

Parliamentary Control

The mechanisms, processes, and practices that ensure the government is accountable and responsive to the legislature or parliament.

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