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It Has Been Said That Well-Educated Citizens Are Necessary for Democracy.Discuss

question 118

Essay

It has been said that well-educated citizens are necessary for democracy.Discuss this idea in economic terms.What market imperfection might occur and what are the appropriate government policies to correct it?


Definitions:

Payment Advices

Statements or notices provided to a debtor, detailing the amounts paid and still owed by the debtor.

2005 Revisions

Amendments or updates made in 2005 to a set of statutes, regulations, or standards.

Assets and Liabilities

The components of a company's or individual's financial position, with assets representing owned resources and liabilities representing owed obligations.

Bankruptcy Code

The set of laws codified as Title 11 of the United States Code, governing bankruptcy proceedings in the US.

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