In a Democracy, the Idea of the Consent of the Governed

question 53

Multiple Choice

In a democracy, the idea of the consent of the governed argues that government power

• A) derives from the people's consent.
• B) derives from its inherent right to promote law and order.
• C) is justified and necessary.
• D) derives from its security apparatus, particularly the army and the police force.
• E) is acceptable as long as individual rights are recognized.

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Definitions:

Long-Lived Assets

Assets that are expected to provide economic benefits over a period longer than one year, such as buildings, machinery, and land.

After-Tax Cost

The actual cost of an expense or investment after accounting for the effects of taxes.

Pretax Cost

The expense or cost incurred by a business before the deduction of taxes.

Debt

Money owed by one party to another, under conditions of repayment often including interest.