The classic textbook model of democracy is referred to as the__________________?
Correct answer: C. majoritarian model
- A. Lockean model
- B. referendum model
- C. majoritarian model
- D. Madisonian model
Explanation
The majoritarian model treats democracy as rule by the majority, usually through direct or representative decision-making. The Madisonian model instead emphasizes constitutional limits and protection against concentrated majority power.
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About Public Finance
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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