Politics Enters into the Determination of Economic Policy in a Negative

question 102

Multiple Choice

Politics enters into the determination of economic policy in a negative way because:

• A) it does not take market failures or failures of market outcome into account in formulating policy.
• B) political decisions always reflect the will of society.
• C) it takes market failures and failures of market outcome into account in formulating policy.
• D) political decisions do not always reflect the will of society.

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Definitions:

Free Exercise Clause

A clause within the First Amendment of the U.S. Constitution that ensures people have the freedom to observe their religious beliefs without hindrance from the government.

Establishment Clause

Refers to the part of the First Amendment of the U.S. Constitution that prohibits the government from establishing an official religion or favoring one religion over others.

Equal Protection

The constitutional guarantee that no person or group will be denied the same protection of the laws that is enjoyed by similar persons or groups.

Imminent Lawless Action

A legal standard for limiting free speech established by the U.S. Supreme Court, intended to prevent advocacy of illegal action if imminent.