Consider this situation: In an ancient kingdom, the people were tired of being treated badly by their king. The people of each village got together and chose chiefs to bring their complaints to the king.

What kind of government did the villagers demonstrate by their actions?

Representative democracy

Explanation: Representative democracy which can also be refered to as an indirect democracy is a system of government where eligible citizens of a political setting choose others to represent their interest by making important decision (passing of laws as well as creating laws and policies) on their behalf.

The people of each village in the ancient city chose a chief to bring their complaint to the king, in other words they chose their chiefs to represent them before the king. This action is a good illustration of Representative democracy.

the answer is: must pay taxes on profits

since it is considered as a part of your income, profits from investments is eligible for tax payment.

the tax from your investment could be influenced by how long you decided to sell it. united states promotes keeping your investment for long term period. so, the tax rate for investments that you sell in less than one year is typically higher compared to investments that you sell in more than one year period.

d. direct