In a Political Democracy

question 13

Multiple Choice

In a political democracy,

• A) only the voting majority is protected but the minority is coerced to protect the majority.
• B) the population minority is free to organize and to lobby to achieve goals.
• C) there is no unequal distribution of income or wealth.
• D) the minority can elect officials.

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Definitions:

Fixed Price

A predetermined price at which goods and services are sold, not subject to change based on fluctuations in market demand or supply.

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy an underlying stock, bond, commodity, or other assets at a specified price within a specific time period.

Option Values

The premium or price of an options contract, determined by factors including the underlying asset's price, strike price, and expiration date.

European Put

A type of put option that can only be exercised at its expiration date, not before.