According to a Number of Scholars, What Is One of the Major

question 26

Multiple Choice

According to a number of scholars, what is one of the major problems with the initiative process?

• A) Initiatives act as a check on legislative extremism and irresponsible behavior.
• B) Initiatives blur the complexity of many issues and reduce them to sound bites upon which the voter is asked to make a yes/no decision.
• C) Initiatives are a product of grassroots movements that have more to do with social and economic issues than with well-financed campaigns.
• D) The government will likely not enforce laws made by the initiative process.

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Definitions:

Market Price

The immediate value at which an asset or service is offered for buying or selling.

Available-for-Sale Investments

Securities that are not classified as held-to-maturity or trading securities, and can be sold in the future.

Market Value

The current market cost at which a service or asset is being bought or sold.

No Par Stock

Stock issued without a nominal or face value, where the value is determined by what investors are willing to pay for it.