Who Made the Following Observation in the 1800s: "Scarcely Any

question 29

Multiple Choice

Who made the following observation in the 1800s: "scarcely any political question arises in the United States that is not resolved, sooner or later, into a judicial question"?

• A) Thomas Jefferson
• B) Benjamin Franklin
• C) John Locke
• D) Alexis de Tocqueville
• E) James Madison

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Definitions:

Price Decreases

Refers to a reduction in the price of goods or services, often due to supply and demand factors.

Price Ceiling

A government-imposed limit on how high a price is charged for a product, intended to protect consumers from high prices.

Government

The organization or system of organizations exercising authority and performing functions in a society or part of it.

Socially Optimal

A condition where resources are allocated in a way that maximizes the overall welfare or well-being of society.