The Definition of a "Hybrid Democracy" Is

question 4

Multiple Choice

The definition of a "hybrid democracy" is:

• A)a citizenry whose rights are guaranteed by both a national and a state constitution
• B)a state that was once a territory but was admitted to the union without a waiting period
• C)a state with a combination of representative and direct democracy
• D)a democracy that is run by incumbents who are reelected, year after year

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Definitions:

Expected Loss

The anticipated amount of loss a business might suffer due to various risk factors.

Risk Aversion

A preference for certainty over uncertainty, where an individual prefers outcomes with lower risk and potentially lower returns.

Expected Winnings

The average amount one can expect to win or lose from a gamble or game, calculated by multiplying each possible outcome by its probability and summing the results.

Hyperbolic Discounting

A cognitive bias where people tend to prefer smaller, immediate rewards over larger, delayed rewards, affecting decision-making.