Limitations on the Actions of Monarchs in European Countries First

question 42

Multiple Choice

Limitations on the actions of monarchs in European countries first came into being with the advent of a social class, the _____________ (French for "free people of the city") , whose name later came to be synonymous with "middle class."

• A) proletariat
• B) moyenne
• C) bourgeoisie
• D) plebians

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Definitions:

Risk Takers

Individuals or entities that are willing to take risks in pursuit of gain, often characterized by investments in ventures with uncertain outcomes.

Adverse Selection

A situation in which sellers have information that buyers do not, leading to transactions that favor the seller.

Insurance

A monetary service that offers coverage against possible future harms or losses in return for a premium payment.

Adverse Selection

Adverse selection is a situation in financial markets where there is asymmetric information leading buyers or sellers to make decisions that can result in the market becoming skewed or unbalanced, often seen in insurance markets.