The American democratic system is based on________________?
Correct answer: D. all of the above
- A. the dignity of the individual
- B. representation of the majority
- C. protection of minority rights
- D. all of the above
Explanation
American democracy combines respect for individual dignity, majority-based representation and constitutional protection of minority rights. Since all three principles operate together, the inclusive option is correct.
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Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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