The Process That Allows Citizens to Vote Directly on Proposed

question 87

Multiple Choice

The process that allows citizens to vote directly on proposed laws or other governmental actions is called:

• A) a quorum.
• B) a referendum.
• C) a direct election.
• D) an unmediated election.

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Definitions:

Oligopoly

A market structure characterized by a small number of firms controlling a large share of the market, leading to limited competition.

Concentration Ratios

Statistical measures used to evaluate the degree of competition within markets by analyzing the market share of the largest firms.

Concentrated Industry

An industry characterized by a small number of large firms that have a significant market share, leading to reduced competition.

Herfindahl-Hirschman Index

A measure used to assess the level of competition within an industry, calculated by squaring the market share of each firm competing in the market and then summing the resulting numbers.