An Obvious and Important Difference Between a President and a Prime

question 15

Multiple Choice

 An obvious and important difference between a president and a prime minister is that the latter always has 

• A) interest group support. 
• B) support in the cabinet. 
• C) support in the military. 
• D) majority support in parliament. 
• E) executive powers.

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Definitions:

Laissez-Faire Capitalism

An economic system where private parties are free to engage in economic activities with minimal government intervention.

Classical System

The classical system in economics refers to a school of thought that emphasizes free markets, competition, and the self-regulating nature of economies.

Self-Regulating Markets

A concept where markets operate and correct themselves through the forces of supply and demand without external intervention.

Flexible Wages

A wage system where pay rates can easily adjust in response to changing economic conditions, such as supply and demand for labor.