The ________ Function Is a Broad Mandate to Prevent Behavior

question 24

Short Answer

The ________ function is a broad mandate to prevent behavior that either disturbs or threatens to disturb the peace or involves face-to-face conflict among two or more people.

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Definitions:

Tax

An unavoidable fiscal exaction or different type of contribution enforced by a governmental faction on a taxpayer, intended to support the financing of governmental operations and a range of public service outlays.

Tax Revenue

The income governments procure through the levy of taxes.

Consumer Surplus

The variance between the total consumers are prepared to invest in a good or service and what they end up investing.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the higher market price they actually receive.