The Belief That Political Authority Should Rest with the People

question 16

Multiple Choice

The belief that political authority should rest with the people themselves is called:

• A) equality of opportunity
• B) political equality
• C) pluralism
• D) popular sovereignty
• E) federalism

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Definitions:

Marginal Propensity

Marginal propensity, in economics, refers to the fraction of an increase in income that is spent on consumption. It represents the change in consumption resulting from a change in income.

Government Spending

This refers to the total expenditure by government agencies on goods, services, and public works.

Demand for Goods

The desire, willingness, and ability of consumers to purchase goods at a given price over a specific time period.

Unemployment Insurance

A government program that partially protects workers’ incomes when they become unemployed.