In a political democracy,
(a) only the voting majority is protected but the minority is coerced to protect the majority.
(b) the population minority is free to organize and to lobby to achieve goals.
(c) there is no unequal distribution of income or wealth.
(d) the minority can elect officials.
(b)
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A reduction in a country's saving rate will tend to cause which of the following in the long run?
A) an increase in labor productivity B) an increase in the standard of living C) a reduction in economic growth D) an increase in per capita real GDP
In economics, capital is defined as
a. natural resources, such as water, oil, and iron ore b. the natural, unskilled abilities of people c. human creations used in the production process d. money and other financial assets e. the willingness of business owners to take risks