The Sheer Size of the New Country Meant That If

question 12

Multiple Choice

The sheer size of the new country meant that if Americans were going to govern themselves, ______.

• A) self-government by direct democracy was the way to ensure that all of the major interests in society were represented
• B) direct democracy was going to be impossible and the people would have to delegate their authority to a small number of representative agents
• C) they would need to ensure that the President had a strong set of powers so that he could exercise the authority of the federal government throughout the country
• D) only a dictatorship could possibly reconcile the competing economic and religious interests in the states

Understand the calculation and significance of inventory turnover.

Recognize the differences and applicability of specific inventory costing methods in various industries.

Understand the environmental challenges cities face and their impacts on the ecosystem.

Identify different types of pollution and their effects on diverse species.

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Definitions:

Actual Price Level

The current average of all prices of goods and services in an economy, reflecting the purchasing power of money.

Quantity of Output

The total amount of a product or service that is produced by a company or an economy.

Short Run

A period in economics during which at least one factor of production is fixed, typically understood as a timeframe insufficient for adjusting all inputs.

Aggregate Demand

Summation of demand for all goods and services in an economy, factored at a certain price level and within a definite time span.