All of the Following Are Principles of Procedural Democracy Except

question 13

Multiple Choice

All of the following are principles of procedural democracy except

• A)government responsiveness to public opinion.
• B)minority rights.
• C)universal participation.
• D)majority rule.
• E)political equality.

Interpret the slope of a budget line and what it reflects.

Explain the concept of marginal rate of substitution and its behavior along an indifference curve.

Identify the conditions for consumer's maximization of total utility using graphical analysis.

Understand utility maximization principles within the indifference curve framework.

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