Which British Philosopher and Politician Wrote That a "Perfect Democracy

question 28

Multiple Choice

Which British philosopher and politician wrote that a "perfect democracy is… the most shameless thing in the world"?

• A) Edmund Burke
• B) Harold Joseph Laski
• C) John Cotton
• D) John Adams
• E) Adam Smith

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Definitions:

Producer Surplus

The difference between what producers are willing and able to sell a product for and the actual price they receive, representing the extra benefit to producers.

Consumer Surplus

The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.

Quantity Demanded

The overall quantity of a product or service that buyers are prepared and can afford to buy at a certain price point, during a specific period.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specific time period.