What Is a Result of a High Level of Government

question 184

Multiple Choice

What is a result of a high level of government corruption?

• A) There are few entrepreneurs.
• B) Government officials have a low standard of living.
• C) Politicians hold little power over the market.
• D) The form of government tends toward Communism.

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Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another party, such as the duty a trustee has to beneficiaries.

Liability

Refers to the state of being legally responsible for something, such as a debt or obligation.

Agent

An individual or entity authorized to act on behalf of another, typically in a business or legal capacity, entering into agreements or making decisions.

Fiduciary Duties

Obligations one party has to act in the best interest of another party, such as a trustee towards a beneficiary.