A Political Function of Government Is to

question 315

Multiple Choice

A political function of government is to

• A) encourage the consumption of government-sponsored goods.
• B) provide public goods.
• C) correct for externalities.
• D) encourage the workings of the price system.

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Definitions:

Scarcity

The economic problem of having seemingly unlimited human wants and needs in a world of limited resources.

Sultan Of Brunei

The monarch and head of state of Brunei, known for his wealth and absolute authority over the country.

University

An institution of higher education and research which grants academic degrees in various disciplines.

Football Team

A group of eleven players participating in the sport of football, organized to compete against other teams.