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In Political Science, Theories Have Three Purposes

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Essay

In political science, theories have three purposes. Explain these purposes. Which purpose do you think is most important and why?

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Understand key events that led to the American Revolutionary War.
Comprehend the importance of key philosophical concepts that influenced the founding of the United States.
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Definitions:

Utility Function

In economics, a mathematical representation that quantifies an individual's preference for certain goods or services, aiming to predict choice behaviors.

Earrings

Jewelry worn on the earlobe or through another part of the ear, typically as a form of personal adornment.

Income

The monetary payment received by an individual or household from various sources like work, investments, or transfers, over a specified period.

Consumer's Surplus

The difference between the total amount consumers are willing and able to pay for a good or service and the total amount they actually pay.

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