What Are the Two Main, Broad Purposes of Government

question 43

Multiple Choice

What are the two main, broad purposes of government?

• A) provide for national defense and protect against tyranny by the majority
• B) provide order and help to promote the general welfare
• C) ensure there is justice and freedom from want
• D) ensure economic prosperity for the nation as a whole and protect civil liberties for individuals
• E) provide membership in the United Nations and be recognized by other nations

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Definitions:

Investment Portfolio

A collection of investments held by an individual or institution which may include stocks, bonds, real estate, and other financial assets.

Net Income

The amount of earnings left over after all operational, financial, and tax expenses have been subtracted from total revenue; essentially, the company's profit.

Stockholders' Equity

Represents the ownership interest of shareholders in a corporation, calculated as the difference between total assets and total liabilities.

Fair Value

The price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants.