A Well-Run Democracy Is Characterized by All but Which One

question 21

Multiple Choice

A well-run democracy is characterized by all but which one of the following features?

• A) Government decisions are dominated by special interests.
• B) Government decisions are made on the basis of law.
• C) The media report public policy debates in a fair manner.
• D) Citizens pay attention to public policy debates and then vote their preferences.
• E) Politicians debate questions of public policy honestly.

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Definitions:

Effective Annual Rate

The genuine rate of interest that an investment, savings account, or loan delivers, factoring in the effects of compounding.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage rate.

Effective Annual Rate

A measure of interest that accounts for compounding over a year, giving a true reflection of the financial cost or return.

Annual Percentage Rate

The annual rate charged for borrowing or earned through an investment, accounting for all costs.