Which of the Following Do Liberals Assert Is the Best

question 52

Multiple Choice

Which of the following do liberals assert is the best form of government?

• A)Democracy
• B)Authoritarianism
• C)Fascism
• D)Socialism

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Definitions:

Inelastic

A characteristic of demand when consumers' purchase quantities are not significantly affected by changes in the price of a good or service.

Good Substitutes

Products or services that can be used in place of one another, satisfying the same needs or wants of the consumer.

Elastic

Describes demand or supply that is highly sensitive to changes in price; a small change in price leads to a large change in the quantity demanded or supplied.

Perfectly Inelastic

Describing a situation where demand or supply does not change in response to changes in price.