The Concept of Separation of Powers with Checks and Balances

question 5

True/False

The concept of separation of powers with checks and balances was developed by the English political philosopher John Locke.

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Definitions:

Risk-averse

The preference to avoid risks, favoring safer outcomes over potentially higher but uncertain returns.

Probability

The likelihood or chance of an event occurring.

Expected Utility

A theory in economics that explains how people make decisions under uncertainty, based on the anticipated satisfaction or utility from outcomes.

Risk-averse

A description of an individual or entity that prefers to avoid risk, often opting for the less risky of available options.