Alexis De Tocqueville Claimed That a Nation Cannot Be Both

question 40

True/False

Alexis de Tocqueville claimed that a nation cannot be both ignorant and free.

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Definitions:

Guaranteed A Profit

An assurance that an investment or business endeavor will yield a positive return or profit.

Long Run

In economics, a period in which all inputs, including capital, can be fully adjusted, allowing firms to change their scale of operation.

Economic Profit

An economic profit occurs when the revenue generated from a business activity exceeds both the explicit and implicit costs associated with that activity.