The Right of Each Citizen to Vote Is an Example

question 48

Multiple Choice

The right of each citizen to vote is an example of ________.

• A) equality of opportunity
• B) equality of result
• C) political equality
• D) educational opportunity
• E) laissez-faire capitalism

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing to purchase at a given price.

Quantity Supplied

The cumulative volume of a specific good or service that suppliers are enthusiastic and able to sell at a given price within a set timeframe.

Price Floor

A government- or authority-set minimum price for certain goods or services, aimed at preventing prices from falling below a certain level.

Black Markets

Illegal trading of goods and services that occurs outside the official channels sanctioned by authorities.