Exclusive Governing Party Systems

question 9

Multiple Choice

Exclusive governing party systems

• A)allow for dissent.
• B)control all policymaking.
• C)are always conflictual.
• D)are found in democratic states.

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Definitions:

Subsidy

A financial contribution provided by government to reduce the cost of producing goods or services and support businesses or consumers.

External Costs

Costs of an economic activity that are not borne by the parties directly involved in the transaction but by other individuals or society at large.

Supply Curve

A graph that represents the relationship between the price of a good and the quantity of the good that suppliers are willing to offer for sale.

Socially Optimal

A condition that maximizes societal welfare, often referring to the optimal distribution of resources and goods.