For What Reason Does the Book Justify Representative Democracy

question 9

Multiple Choice

 For what reason does the book justify representative democracy? 

• A) Deciding wisely on issues is impractical and unlikely, but deciding on leaders is possible. 
• B) Elites are better at making political decisions. 
• C) Representative democracy reserves power to important institutions besides the people. 
• D) The Capitol Building lacks the room for all voters to discuss issues. 
• E) Direct democracy is subject to emotional whims by voters.

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Definitions:

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salary, or insurance, providing stability to a company's expense structure.

Margin of Safety

The difference between actual or projected sales and the break-even point, often expressed as a percentage.

Contribution Margin Ratio

A financial metric showing the percentage of revenue that exceeds total variable costs, indicating how much revenue contributes to fixed costs and profit.

Break-even Sales

The amount of revenue needed to cover all fixed and variable costs, resulting in no profit or loss.