The Significance of England's Glorious Revolution Was That

question 4

Multiple Choice

The significance of England's Glorious Revolution was that

• A) the people actually pushed for the calling of William and Mary to take the helm.
• B) Parliament, representing the people, took sovereignty away from the British monarch for good.
• C) William and Mary became beloved leaders who ruled for several decades.
• D) England obtained a standing army and kept it, even during times of peace.
• E) James II was removed from the throne.

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Definitions:

Incentive Problem

A situation where the motivations of individuals or groups do not align with broader goals or desired outcomes, often leading to inefficiency or conflict.

Communist Central Planning

A system where the government makes all decisions about the production and allocation of goods and services in an economy.

Personal Gain

The benefit or advantage one receives or aims to receive from an action or investment, often measured in terms of financial or personal satisfaction.

Market System

A system of economics where the choices about investment, production, and distribution rely on the principles of supply and demand, and the pricing of goods and services is established freely in the market.