The Federalists Believed That the Most Apparent Source of Tyranny

question 73

Multiple Choice

The Federalists believed that the most apparent source of tyranny was

• A)the king of Great Britain.
• B)the popular majority.
• C)the northern merchants.
• D)the landowning elite.

---

Definitions:

Expected Revenue

Expected revenue is the average amount of money a business anticipates earning over a certain period, based on projected sales volumes and prices.

Probability

A numerical expression ranging between 0 and 1 that indicates the chance of an event taking place, where 0 means the event cannot happen and 1 means it will definitely happen.

Reservation Price

The maximum price a consumer is willing to pay for a product or service.

English Auction

A method of sale involving ascending bids, where participants bid openly against one another, and the item is sold to the highest bidder.