Examlex
To guarantee that elected representatives can be held accountable for their actions by the electorate,an ideal representative democracy has a number of safeguards.Which of the following is NOT an example of a safeguard in an ideal representative democracy?
Fundamental Question
Fundamental Question refers to the basic questions any economic system must answer, which include what to produce, how to produce, and for whom to produce.
Guiding Function
The role of prices in directing the allocation of resources and goods in an economy, ensuring resources are used where they are most valued.
Dollar Votes
The concept that consumers show their preferences and influence the market through where they choose to spend their money.
Consumer Sovereignty
The concept that consumers' preferences and decisions dictate the production of goods and services in an economy, emphasizing the power of consumer choice.
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