What "Modern" Idea Was Advanced by Confucius Over Two Thousand

question 41

Multiple Choice

What "modern" idea was advanced by Confucius over two thousand years ago?

• A) To the victor go the spoils.
• B) A virtuous government will sadly but inevitably make its people corrupt.
• C) Government depends on the will of the people.
• D) Barbarians must not be accepted but crushed by military power.
• E) Political democracy is the only form of government.

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Definitions:

Equilibrium Interest Rate

The rate of interest where the quantity of money sought equals the amount available, equilibrating investment and savings across the economy.

Loanable Funds

The funds in financial markets that are available for borrowing, reflecting the relationship between the demand for and supply of these funds.

Interest Rate

The fee, shown as a percentage of the principal amount, that a lender imposes on a borrower for the use of funds.

Loanable Funds

The various sources of capital that are available for borrowing, including savings deposits, bonds, and loans, within the financial market.