Tolerance of conflicting ideas has been_________________?
Correct answer: B. one of the great contributions of democracy
- A. the downfall of industrialized societies
- B. one of the great contributions of democracy
- C. a major obstacle to establishing social order
- D. none of the above
Explanation
Democracy allows competing opinions to be expressed peacefully, so tolerance of conflicting ideas is regarded as one of its major contributions. It supports debate and peaceful adjustment rather than automatically destroying social order.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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