Democracy Functions Best When

question 40

Multiple Choice

Democracy functions best when

• A)less than a majority of citizens vote in every election.
• B)citizens are informed.
• C)all candidates for office are highly educated.
• D)all candidates for office are wealthy.

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Definitions:

Income

The income earned either from work or through investments, typically on a regular basis.

Consumer Equilibrium

The state where the consumer's income is fully allocated to the purchase of goods and services in a way that maximizes their utility or satisfaction.

Indifference Curve

A graph representing a set of bundles of goods between which a consumer is indifferent, showing preferences of consumption.

Consumer Equilibrium

A situation in which a consumer has distributed their income to achieve the highest level of satisfaction possible within their financial limitations.