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Economics
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8. Democracy improves the quality of decision making because:

a. Decisions are taken by educated people.

b. Decisions are taken by consultation and discussion.

c. Decisions are taken over a long period of time.

d. All decisions are approved by the judiciary

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Explaining the Democratic System of Government
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Raushan Raj
Raushan RajLv8
2 Nov 2020

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Related questions

Economics assumes people and firms:

A. are rationalare rational, respond to incentives, and make decisions by comparing marginal benefits with marginal costs.

B. use all available information to achieve their goals, respond to incentives, and make decisions by continuing any activity up to the point where the marginal benefit equals zero.

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D. are rational, respond to incentives, and make all-or-nothing decisions.

E. always make the best decisions, always make the best decisions, respond to incentives, and make decisions by comparing marginal benefits with marginal costs.

Making rational decisions "at the margin" means that people:

A. make those decisions that do not impose a marginal cost

B. evaluate how easily a decision can be reversed if problems arise.

C. compare the marginal costs and marginal benefits of each decision.

D. always calculate the marginal dollar costs for each decision

In a market-directed economy:

A. marketing managers make all the important economic decisions.

B. government planners make all the important economic decisions.

C. all the important economic decisions are made by voters in political elections.

D. consumers make all the important economic decisions.

E. the individual decisions of the many producers and consumers make the macro-level decisions for the whole economy.

 

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