Whereas Majority Rule Is Defined as Decision Making by 50

question 48

Multiple Choice

Whereas majority rule is defined as decision making by 50 percent plus one person,_________ is defined as decision making by most participants.

• A)rule by the people
• B)acquiescence
• C)political equality
• D)universal participation
• E)plurality rule

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Definitions:

Dollar Appreciates

An increase in the value of the US dollar compared to other currencies, making imports cheaper and exports more expensive.

Balance Of Payments

A record of all financial transactions between a country and the rest of the world.

Capital Account

In economics, part of a nation's balance of payments that records all transactions involving the purchase and sale of assets such as stocks, bonds, and real estate.

Financial Accounts

Records that track the financial activities and situation of an entity, including assets, liabilities, equity, income, and expenses.