The Difference Between the Economic and Political Functions of Government

question 206

Multiple Choice

The difference between the economic and political functions of government is that

• A) the economic function is concerned with the Federal Taxation system while the political function is not.
• B) the economic function is concerned with correcting for market failures while the political function is not.
• C) the economic function is concerned with the reallocation of income while the political function is not.
• D) the economic function encourages merit goods while the political function discourages demerit goods.

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Definitions:

Community Model

A theoretical framework describing the structure and function of a community of interacting organisms within an ecosystem.

Keystone Species

A keystone species is an organism that plays a critical role in maintaining the structure of an ecological community, influencing the types and numbers of other species.

Conserving

The act of preserving or protecting something from loss or damage.

Individualistic Model

A theory in ecology that suggests communities are a chance assemblage of species with similar abiotic requirements, rather than a tightly integrated unit.