The 18^th Century Scottish Philosopher Alexander Tytler Argued That Democracy

question 165

Multiple Choice

The 18^th century Scottish philosopher Alexander Tytler argued that democracy

• A) would survive indefinitely into the future once it was established.
• B) was the only form of government that would be able to control excessive government spending financed by debt.
• C) would tend to collapse from excessive debt once a majority of voters discovered they could vote themselves benefits at the expense of others.
• D) would lead to persistent government surpluses because elected political officials would find the surpluses attractive relative to budget deficits.

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Definitions:

Share Dilution

the decrease in existing shareholders' ownership percentage of a company as a result of the company issuing new shares.

Government Support

Financial or policy assistance provided by governmental bodies to businesses, industries, or individuals.

NCI

Non-Controlling Interest, which refers to ownership in a subsidiary not attributable directly or indirectly to the parent company, often reflecting in consolidated financial statements.

Entity Method

An approach to accounting and financial reporting that sees the company as separate from its owners, focusing on the company's transactions and financial state.