(02.06 MC) Suppose Country ‘X’ is producing an output of 300…

(02.06 MC) Suppose Country ‘X’ is producing an output of 300 units of a certain good at $3 per unit in 2017. With time, the price level rises from $3 per unit to $5 per unit in 2018 while the amount of output produced remains same. Which of the following is true for the given situation?
Continue reading “(02.06 MC) Suppose Country ‘X’ is producing an output of 300…”…

(04.05 MC)Question refers to the excerpt below.”In a free go…

(04.05 MC)Question refers to the excerpt below.”In a free government the security for civil rights must be the same as that for religious rights. It consists in the one case in the multiplicity of interests, and in the other in the multiplicity of sects. The degree of security in both cases will depend on the number of interests and sects; and this may be presumed to depend on the extent of country and number of people comprehended under the same government. This view of the subject must particularly recommend a proper federal system to all the sincere and considerate friends of republican government, since it shows that in exact proportion as the territory of the Union may be formed into more circumscribed Confederacies, or States oppressive combinations of a majority will be facilitated: the best security, under the republican forms, for the rights of every class of citizens, will be diminished: and consequently the stability and independence of some member of the government, the only other security, must be proportionately increased. Justice is the end of government. It is the end of civil society. It ever has been and ever will be pursued until it be obtained, or until liberty be lost in the pursuit.”Source: James Madison, Federalist No. 51, 1788Which of the following later developments was influenced by the ideas in the excerpt?
Continue reading “(04.05 MC)Question refers to the excerpt below.”In a free go…”…