The 18ᵗʰ Century Scottish Philosopher Alexander Tytler Argued That Democracy

question 5

Multiple Choice

The 18ᵗʰ century Scottish philosopher Alexander Tytler argued that democracy

• A)would survive indefinitely into the future once it was established.
• B)was the only form of government that would be able to control excessive government spending financed by debt.
• C)would tend to collapse from excessive debt once a majority of voters discovered they could vote themselves benefits at the expense of others.
• D)would lead to persistent government surpluses because elected political officials would find the surpluses attractive relative to budget deficits.

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Definitions:

Factory Overhead

Indirect manufacturing costs not directly tied to individual products, encompassing expenses like factory rent, utilities, and equipment depreciation.

Work in Process Inventory

Items in a manufacturing process that are partially completed but not yet finished goods.

Raw Materials Used

The quantity of basic materials and components consumed in the production process to manufacture goods.

Finished Goods Inventory

Inventory of finished goods awaiting sale but not yet purchased by customers.