One of the Weaknesses of the Procedural Model of Democracy

question 60

Multiple Choice

One of the weaknesses of the procedural model of democracy is that

• A)it does not provide clear criteria on which to judge whether a government is democratic.
• B)its reliance on rules may lead to rigidity and inefficiency.
• C)it neglects the standards of classic Greek democracy.
• D)it permits policies that violate standards of substantive democracy.
• E)too much attention is paid to protecting minority rights.

Assess the short-term and long-term effects of international trade on industries, workers, and consumers.

Evaluate the arguments for and against protectionist trade policies.

Comprehend the historical and theoretical perspectives provided by key economists on international trade.

Understand the economic indicators and trends related to trade deficits and trade imbalances.

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Definitions:

Present Value

The present value of a sum of money or series of cash flows expected in the future, discounted at a certain rate of return.

Net Present Value

The discrepancy between incoming and outgoing cash flows' current worth over a certain timeframe, utilized in long-term investment planning to evaluate an investment's profit potential.

Future Cash Inflows

The expected receipts of cash in the future from investments, operations, or other sources.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.