The Idea That Each Citizen Must Have a Chance to Have

question 21

Multiple Choice

The idea that each citizen must have a chance to have his or her voice heard in government is the root of

• A) political economy.
• B) self determination.
• C) political culture.
• D) political equality.
• E) civil society.

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Definitions:

Private-Values Auction

A type of auction in which each bidder knows their own valuation of the item for sale, but this valuation is private and may differ from that of other bidders.

English Auction

A type of auction where bidders openly bid against one another, and the item is sold to the highest bidder.

Examine

To inspect or scrutinize carefully.

Vickrey Auction

A type of sealed-bid auction where the highest bidder wins but pays the price bid by the second-highest bidder.