In a Representative Democracy, Government Action Results from the

question 81

Multiple Choice

In a representative democracy, government action results from the

• A) choices of voters.
• B) legislative decisions by politicians.
• C) political action of organized interest groups.
• D) complex interaction of all of the above.

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Definitions:

Straight-line

A method of calculating depreciation of an asset where the expense is evenly distributed over its useful life.

Effective-interest

A method of calculating the interest rate on a loan or financial product that takes into account compound interest and fees, providing a true annual rate.

Amortization

The method of distributing the expense of a non-physical asset across its lifespan.

Market Rate

The prevailing rate of interest available in the marketplace for securities or loans.