Government and Politics Are Not the Same Because Government Refers

question 56

Multiple Choice

Government and politics are not the same because government refers to

• A)the institutions and processes by which rules are made and enforced for all members of society.
• B)the institutions that govern and how these institutions work in concert.
• C)the institutions that govern and how citizens determine which ones can enforce the rules.
• D)the rules made by citizens and enforced by representatives.
• E)organizations that influence policymaking.

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Definitions:

Minimum-Wage Law

Legislation that sets the lowest hourly wage rate that an employer can legally pay its workers, intended to protect workers from exploitation.

Equilibrium Level

A condition where the amount of goods and services available in the market equals the demand for them, leading to stable pricing and quantity levels.

Efficiency Wage

A higher-than-market wage paid by employers to increase worker productivity and loyalty.

Above-Equilibrium Wage

Wages that are set above the market equilibrium, often leading to excess supply of labor and potential unemployment.