According to Madisonian Theory, a Good Constitution Encourages Multitudes of Interests

question 122

True/False

According to Madisonian theory, a good constitution encourages multitudes of interests so that no single interest can ever tyrannize the others.

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Definitions:

Economic Profit

The total revenue of a business minus its explicit and implicit costs.

Least-Cost Production Technique

An approach in production that minimizes input costs for a given output level, optimizing resource use efficiency.

Competitive Market Economy

An economic system where supply and demand determine the prices of goods and services, with minimal government intervention.

Economically Most Efficient

The state of achieving the highest level of output with the lowest possible input, optimizing the use of resources without waste.