By definition, a republic is a system of government: O equivalent to a pure democracy in which people have all the decision-making power. O in which people elect leaders to do the governing for them. O that is based on the divine right of kings. O None of the above.
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- O private citizens. Question 45 of 50 The collapse of the U.S. economy demonstrated that: O O capitalism was losing ground to Marxist communism. the United States was not a world power. the economies of the world are connected. Oprosperity was not possible in peacetime. Question 46 of 50 As part of an agreement in 1939, Stalin and Hitler agreed to:O For whom are goods and services to be produced? Who answers the three key economic questions in a traditional economic system? O custom & tradition O individual producers and consumers O a central authority O government and individuals Who answers the three key economic questions in a Market economic system?Consumer sovereignty is more likely to be observed in what type of economic system? O A) Both A and B O B) Neither A or B O C) Command economies O D) Laissez faire economies
- An economic system that relies upon some central authority to make economic decisions would be O a. A mixed system O b. A traditional system O c. A market system O d. A command systemVoters in California are able to vote on propositions to create their own laws and through this process, they can amend or repeal statutes (laws) of the California Constitution. This is a form of: O. Direct Democracy O. Representative Democracy O. Totalitarianism O. Executive OrderAll of the following basic economic questions deal with microeconomics EXCEPT: a. How is the supply of goods allocated among the members of the society? O b. Is the economy's capacity to produce goods growing over time? What goods and services are being produced and ion what quantities? O d. By what methods are goods and services being produeed? C. All of the following economic questions deal with microeconomics EXCEPT: a. Are the country's resources being fully utilized or are some lying idle? O b. How is the supply of goods allocated among members of the society? c. Is purchasing power being eroded because of inflation? Od. Is the economy's capacity to produce goods growing over time?
- American law derives from English law. What is this called: Select one: O a. Stare decisis. b. Precedent. O c. Case law. O d. Common law.According to Marx, which of the following is true? O capitalism causes one social class to conflict with the other. O economic evolution is the result of a superstructure determined by the Proletariat. rolestial O the state becomes a means through which the political class confiscate the wealth of the social class. O the forces of production will eventually block the relations of productions.Which of the following economic system represents an egalitarian society? O a. Capitalist economy O b. Socialistic economy Oc Mixed economy Od. None of these Machines, tools, equipment, as factor of production are cailed.. Oa Capital O b. Enterprise Oc Laborers Od. Land In a capitalist economy, what does private property mean? O a. Public and private sector resources Ob. Government owned resources in an economy. Oc Equipment and buildings owried by business or individuals Od. Buildings, farms, etc. owned by individuals and the government
- Economic systems: O address the questions what is produced, how it is produced, and for whom it is produced. O provide equal distribution of well-being among its participants. O can eliminate scarcity. O provide all the goods people want and desire.According to the invisible hand principle, competitive markets generally O bring the self-interest of individuals into harmony with the efficient allocation of resources when the behavior of individuals is directed by democratic centralized planning. O require central direction; otherwise, the actions of self-interested individuals will conflict with the general interests of society. O promote the economic welfare of self-interested producers at the expense of unorganized groups such as consumers and taxpayers. O bring the self-interest of individuals into harmony with the efficient allocation of resources, even though centralized planning of economic activities is absent.2. What are the limits on political society and government according to Locke, and what is the basis of those limits? OR