Which of the Following Is an Example of a Political

question 26

Multiple Choice

Which of the following is an example of a political institution?

• A)A market
• B)Elections with winners determined by majority rule
• C)Representative government
• D)Both (b) and (c) are correct.

---

Definitions:

Tax Revenue

The revenue acquired by governments via tax collection.

FICA

The Federal Insurance Contributions Act tax, a United States federal payroll (or employment) tax imposed on both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.

Federal Insurance Contributions Act

A U.S. law that requires employees to contribute to Social Security and Medicare, with matching contributions from employers.

Burden Of The Tax

The impact of a tax on the economic welfare of individuals, showing who ultimately bears the cost of the tax.