In a Democratic Society, the Preferences of __________ Will Often

question 85

Multiple Choice

In a democratic society, the preferences of __________ will often dominate decisions made by direct majority voting.

• A)elected government representatives
• B)special interest groups
• C)rent seekers
• D)senior citizens
• E)the median voter

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Definitions:

Import Quotas

Limits set by a government on the quantity or value of certain goods that can be imported into a country.

Domestic Producers

Companies or individuals that produce goods and services within their own country.

Government

Government is the organized system or institution that governs and implements decisions, laws, and policies in a nation, state, or community.

International Trade

International trade refers to the exchange of goods, services, and capital across international borders or territories, driven by the concept of comparative advantage.