In Terms of Democracy and Foreign Policy,executive Agencies with Foreign-Policy

question 61

Multiple Choice

In terms of democracy and foreign policy,executive agencies with foreign-policy authority are ______.

• A) the least democratic and the least accountable
• B) too conservative
• C) still too concerned with the communist challenge to American democratic ideals
• D) not adequately trained for the nature of the challenges
• E) democratic and accountable under the Freedom of Information Act

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Definitions:

Market Price

The existing selling or buying price for an asset or service in the specified market.

Price Taker

A price taker is a market participant that does not have the ability to dictate the price of a good or service but must accept the market price as given.

Perfectly Elastic

Describes a market situation where demand or supply is completely responsive to changes in price, resulting in infinite sensitivity.

Demand Curve

A diagram illustrating the link between the cost of an item and the desired quantity by buyers.