Nation Is Defined As

question 13

Multiple Choice

Nation is defined as:

• A)the institutional arrangements of a country that define how politics is organized
• B)a large group of people who are bound by a common culture
• C)a political unit that monopolizes the legitimate use of force over a relatively stationary territory and people
• D)a group of people that holds ultimate authority to act on behalf of the state

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Definitions:

Private Goods Consumption

The act of consuming goods that are excludable and rivalrous in nature, implying that one individual's consumption of the good prevents others from consuming the same unit of the good.

Clarke Tax

A taxation mechanism designed to make individuals reveal their true valuation for a public good.

Polluters

Entities that release pollutants into the natural environment, causing pollution and environmental harm.

Pareto Optimal

The allocation of resources in a manner that doesn't allow for the enhancement of one person's condition without the deterioration of another's.