What Is the Main Function of a Political Institution

question 30

Multiple Choice

What is the main function of a political institution?

• A)To provide a deliberative forum for elected representatives.
• B)To provide politicians a physical space,such as a building,in which to conduct their business.
• C)To enable citizens to bypass elected representatives and exercise self-governance.
• D)To facilitate compromises that lead to acceptable solutions or alternatives.

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Definitions:

Price

The quantity of money presumed, demanded, or presented in exchange for a product.

Income

The total earnings obtained by an individual or entity from various sources, including work, investments, and transfers, over a specific period.

Budget Line

A visual schematic of all possible pairings of two items that are purchasable with a predetermined budget at stable prices.

Utility Function

A mathematical representation of how individual preferences can be quantified in terms of utility, reflecting satisfaction or happiness from consuming goods or services.