This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: List two economic reasons why representative democracy makes sense What will be an ideal ... (Read 98 times)

809779

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
List two economic reasons why representative democracy makes sense
 
  What will be an ideal response?

Question 2

In a perfectly competitive market,
 
  A) firms can freely enter and exit.
  B) firms sell a differentiated product.
  C) transaction costs are high.
  D) All of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nickk12214

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

Representative democracy makes economic sense for two reasons. First, having fewer individuals involved in the decision-making process will lower the costs of making decisions. Second, there are benefits from specialization and having some individuals specialize in politics (or certain political issues) makes economic sense.

Answer to Question 2

A


809779

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Jul 1, 2018
Correct answers!


nickk12214

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Biochemistry List of Usefullness Biochemistry List of Usefullness
ICD-10-CM Tabular List ICD-10-CM Tabular List
The cartoonist’s hyperbole makes an excellent commentary on the social class disparity of our ... The cartoonist’s hyperbole makes an excellent commentary on the social class disparity of our ...
Population Density versus Economic Growth Population Density versus Economic Growth
Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ... Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ...
economic question economic question
Video: Ciliate conjugation Animation

For a complete list of videos, visit our video library