In the View of Many Whigs, the British Government Balanced

question 48

Multiple Choice

In the view of many Whigs, the British government balanced the power of __________.

• A) landowners, merchants, and workers
• B) the king, the Parliament, and the church
• C) the monarchy, the church, and the merchants
• D) the monarchy, the aristocracy, and the people

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Definitions:

Costs Of Inflation

The economic disadvantages resulting from inflation, such as reduced purchasing power and the distorting effects on saving and investment decisions.

Without Reducing

Refers to accomplishing or adding something without decreasing or compromising other aspects.

Consumption Tax

A tax on the spending on goods and services, often levied as a sales tax, value-added tax (VAT), or goods and services tax (GST).

Saving

entails setting aside a portion of current income for future use, either by keeping the money in cash or placing it in some form of investment.