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.

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.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter6: The Economics Of Political Action

Section: Chapter Questions

Problem 13CQ

See similar textbooks

Related questions

Q: An economic system that relies upon some central authority to make economic decisions would be O a.…

A: In a command system,a central government plans, then organizes and in turn controls all of the…

Q: ssume that a country is endowed with 4 units of oil reserve. There is no oil substitute available.…

A: In behavioral economics, willingness to pay (WTP) refers to the lowest or highest price at which a…

Q: From Adam Smith's Wealth of Nation , What is the “great enemy” of the economy (hint: not…

A: In the wealth of nation, Adam Smith says that free market forces produce the maximum or optimal…

Q: (1) What are your emotional reactions to the termscapitalism and socialism? Explain why you feel…

A: Disclaimer: Since you have asked multiple questions, we will solve the first question for you. If…

Q: firm choose? Why? Will production using that technique result in profit or loss? What will be the…

A: (b) Cost with technique 4 = $ [3x2 + 4x2 + 2x6 + 2x3] = $ 32 The firm will adopt the new technique…

Q: Economic Free Freedom Enterprise Private Property Competition Rights Which of the following terms…

A: A market economy is a system where the laws for demand and supply tend to direct the production of…

Q: 18. In which type of political culture do people expect government to intervene in social and…

A: People expect government to intervene in social and economic affairs, promoting the public welfare…

Q: If private property rights are not well enforced in a country, the result tends to be that, O a.…

A: The property rights are the bundle of claims defining the privileges, rights, and limitations of the…

Q: How should policymakers determine the amount of money that should be allocated for research curing…

A: Option A is correctWhether the last dollar devoted to research on heart disease results in more…

Q: n 1950, the federal minimum wage for the United States was $ 0.75. How much would this minimum wage…

A: The hourly wage rate is measured in dollars, on an average. The hourly wage rate measured in dollars…

Q: 16. Values are? O A) personally or socially held core beliefs that are consistent within a given…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Looking at the scope of central planning in the Soviet Union post WW-II, between 1951 and 1960 the…

A: Russia was following the centralised system of economic planning where the central authority was…

Q: is defined as an economic system based on the market in which the onwership of the means of…

A: There are many types of economic systems like capitalist, socialist and mixed economy. A capitalist…

Q: which one of the following is true about the production possibilities frontier (ppf) o a. the…

A: A production possibility frontier illustrates the combinations of two goods that can be produced in…

Q: The 1979 Islamic Revolution in Iran was supported by all of the following except O a. religious…

A: The Shia Islamic revolution was the catalyst for the Iranian Revolution. It replaced Shah Mohammad…

Q: 2. Under what circumstances might U.S. public policy be made mostly in accordance with the wishes of…

A: When the whole public gets benefitted with the help of some policy then it can be considered under…

Q: Supposed that there is widespread inefficiency in agricultural production in a region, due to low…

A: Productive efficiency is described as a situation of manufacturing services and goods with the…

Q: When informally surveyed in class, many of you responded that, all else being equal, you would…

A: Answer: option a (The first-mover advantage) Explanation: If a company goes green first (moves…

Q: Consumers in a country are concerned that the cars they drive create too much air pollution. Which…

A: A Free enterprise system has the following features: government role is minimum. Government put…

Q: Explain the idea that Smith on one hand had distrust for government, during his time govern. On the…

A: The idea of Adam Smith was to have belief in invisible hand. It means the market forces alone will…

Q: 1. Once least-cost industrial sites are discovered, they remain the most advantageous locations…

A: 1. The statement that "Once least-cost industrial sites are discovered, they remain the most…

Q: Which of the following statements is false? Oa. On average, growth in GDP per capita was negative in…

A: GDP per capita is a measure of a country's economic production per person. It aims to measure a…

Q: What determines output per worker in the One Country Technblogy Model? O Output is produced by all…

A: In an economy, output refers to the amount of goods and services produced using specfiic amount of…

Q: The opportunity cost of producing another unit of butter is 14 12 C 2 3 Butter Select one: O a.…

A: Given : Two goods are produced in the economy, guns and butter. Opportunity Cost is the value of…

Q: Question 2 of 10 John Maynard Keynes and Karl Marx would disagree most about the answer to which…

A: Fiscal policy is the policy that is used by the government in order to find the solution to…

Q: Compared to the developing economies, the advanced economies have human capital and physical…

A: (Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: -Any government intervention in the market. -Individiuals in free markets pursue their own interest.…

A: Generally, there are three types of market economy - free market economy, command economy and mixed…

Q: Which one of the following is a true statement? Select one: O a. Emerging markets were previously…

A: An emerging market is a market that contains some part of the developed market but cannot fulfill…

Q: Why might government be less capable than the market to do good?

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: istorically, as societies evolved, their economic systems also evolved with them, forthwith changing…

A: Economic systems: It is a component with the assistance of which the public authority designs and…

Q: One of the following statements is an example of a positive statement. Which one is it? O A. Vote…

A: The statement which is subjective and based on value judgements and assumptions. Providing any view,…

Q: Ceteris paribus is the Latin expression for O a. The eror of reasoning that a first event causes a…

A: Economics is the branch of social science and is regarded as the Queen of social science. The word…

Q: (d) How many kilos of coffee should Dalia roast if she wants to maximize her profits? Give your…

A: We have MR = 21-1.4Q MC = 12+0.6Q

Q: Question 6 of 50 In which political system is the means of production controlled but not necessarily…

A: There are various political and economic systems which determine the ownership and control of…

Q: 1. Suppose that in order to engage in some legitimate business, entrepreneurs need permission from a…

A: Bribe function : N = 600 - 5(x + y ) When both the officials collude they jointly maximize the…

Q: What are two characteristics of a Political Economy that are conducive to entrepreneurs (i.e., they…

A: Political economy is a system that focuses on and studies the relationship between government and…

Q: In the context of the circular flow of economic activity, which of the following would NOT be a…

A: Answer : B. Provisions of factors of production

Q: True or false? Government agencies are just as challenged by competitors as firms are in the…

A: government Agencies are challenged by competitors as firms are in the private sector. - FALSE

Q: Think of an economic topic that you have in mind that you are interested to. 1. What is the topic?…

A: Economics is the study of how economic agents achives their respective objectives with given scarce…

Q: Suppose the president is attempting to decide whether the federal government should spend more on…

A: Note: Since the first question is done I am answering the second question. Answer (2): B (whether…

Q: What are the powers that are given to the states by the 1Oth amendment called? * O Concurrent…

A: The 10th amendment of the US constitution is related to the division of power between the federal…

Q: 2. What are the limits on political society and government according to Locke, and what is the basis…

A: John Locke (1632–1704), a political philosopher, is recognised as one of the most influential…

Q: The statement that "most economists are of the opinion that rent controls will usually leads to a…

A: Positive analysis is fact based and it studies 'what is' and normative analysis is about 'what ought…

Q: Though certainly on the market end of the spectrum, the presence of institutions such as social…

A: Answer (1). Though the economy of the U.S. is on the market end of the spectrum there is also the…

Q: Global communications in the information age O 0. Connect populations living at distance from home…

A: The sharing and development of information through nonverbal and verbal messages in international…

Q: Benefits Dis-benefits To the people P 15 Million now and P1.5 Million per year for ten years P 1…

A: BCR is calculated by dividing the proposed total cash benefit of a project by the proposed total…

Q: Suppose the president is attempting to decide whether the federal government should spend more on…

A: In microeconomic, the chance cost of an action or choice is that the deficiency of serious worth or…

Q: n of the following is not correct? A typical production possibilities curve indicates how much O…

A: The production possibility curve shows the different combinations of two goods that can be produced…

Q: Assume that a business firm finds that its profit is greatest when it produces $40 worth of product…

Question

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.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Public policy refers to the outputs of governmental institutions. O True O False
Looking at the scope of central planning in the Soviet Union post WW-II, between 1951 and 1960 the number of items for which output targets were set O a. increased from 1,600 items to 12,750 items. O b. increased from 10 items to 525 items. O c. decreased from 25,482 items to 16,351 items. O d. decreased tom 4,592 items to zero items (since central planning was abandoned in the country in 1960).
All of the following statements align with the post-war consensus EXCEPT Select one: O a. Capitalism benefits more people than it harms O b. The main threat to national security came from anti-war protesters O C. The federal government can be trusted to act in the public interest O d. The U.S. was a free country with liberty and justice for all
1. Is Ukraine violating the Geneva Convention of 1949 by having press conferences with captured Russian Soldiers? 2. What are the arguments that president Biden's statement that Vladimir Putin is a war criminal?
Using the figures below, construct a complete picture of the vicious circles of economic and politicalpoverty in South Africa or an African country of your choice, and outline the effects upon the poor andupon the state if the situation is not addressed by government and its public bureaucracy. If there is noreversal what would be the implications in respect of the possible collapse of the state through a popularuprising or rebellion. Discuss comprehensively, in terms of learnt theory and your observations. Inaddition to the politicians, is the bureaucracy also to blame? Can this situation be overcome? If so, how?If not, why not.
The idea that an action should be undertaken if and only if the benefits exceed the costs is known as the concept of Oeconomic efficiency. O public welfare maximization. marginal comparative advantage. O monetary construction of values.
According to Locke, the power of government should be:Expanded to meet the needs of all citizens.Expanded to meet the needs of corporations.Limited, extending only far enough to protect basic rightsof all citizens.Limited, extending only far enough to protect the basicrights of corporations.
-Any government intervention in the market.-Individiuals in free markets pursue their own interest.-If all economic agents are free,the market can allocate the resources efficiently in an automatical way. Is that a command economy or free market economy? a)free market b)command
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.
1. Why might government be less capable than the market to do good? 2. The text makes it look as if maximizing output is the goal of society. a. Is maximizing output the goal of society? b. If the country is a Christian country, should it be? c. If not, what should it be? (Religious) 3. It has been said that “capitalism robs us of our sexuality and sells it back to us.” a. Does sex sell? b. Is sex used to sell goods from Land Rovers to tissue paper? c. Who, if anyone, is exploited in the use of sex to sell commodities? d. Are both men and women exploited in the same ways? (Feminist) 4. Thorstein Veblen wrote that vested interests are those seeking “something for nothing.” In chapter 2, you learned how technology shapes the economy’s production possibilities over time so that a country becomes increasingly good at producing a subset of goods. a. In what ways have vested interests used their influence to bias the U.S. economy toward the production of military goods at the expense…
Assume we are in a Ricardian world, where there are 2 countries: Home and Foreign, 2 goods: x and y, and one factor of production: Labor(L). The labor unit requirements for production of each good and the aggregate labor supply in each country are given as follows: Home country: ax= 4, ay= 3, L= 2400 Foreign country: a*x= 10, a*y= 6, L= 3000 a) What is the opportunity cost of x in terms of y in Home and Foreign? b) Who has the absolute advantage in which good? c) Who has the comparative advantage in which good? d) If there is no trade between Home and Foreign, what will the relative price of x in terms of y be in each country?
Assume that a country is endowed with 4 units of oil reserve. There is no oil substitute available. How long the oil reserve will last if (a) the marginal willingness to pay for oil in each period is given by P = 9 - 0.69q, (b) the marginal cost of extraction of oil is constant at $4 per unit, and (c) discount rate is 1%? Using these numbers, please have one final answer at the end answering how long the oil reserve will last. Thank you.