What Features and Abilities Must a Government Have to Govern

question 40

Multiple Choice

What features and abilities must a government have to govern effectively?

• A) authority to formulate and approve a plan of action
• B) authority to raise and spend money
• C) authority to hire workers to take action
• D) authority to raise and spend money, and to hire workers to take action
• E) The government must have all of these to govern effectively.

Comprehend the social and evolutionary bases for human decision-making and behavior.

Recognize the role of culture in shaping human nature and behavior.

Identify the differences between human and animal sensory capabilities and preferences.

Understand the concept of trade-offs in decision making, particularly in a political context.

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Definitions:

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where demand and supply are balanced.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a market balance.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices.

Supply

Supply represents the quantity of goods or services that market participants are willing and able to provide at various price levels, over a specific period of time.