Multiple Choice
The political functions of government differ from the economic functions of government in that
A) the political functions relate to income distribution while the economic functions relate to the way exchange is carried out.
B) the political functions are performed at the federal government while the economic functions are at the state and local government levels.
C) the political functions involve elections and the court systems while the economic functions involve taxation and transfers.
D) the President deals with the economic functions while Congress deals with the political functions.
Correct Answer:

Verified
Correct Answer:
Verified
Q36: All of the following are ways that
Q37: A government-sponsored good is one that<br>A) is
Q38: A lighthouse that serves a dangerous coastal
Q39: An example of a negative externality created
Q40: Private goods are those goods<br>A) that violate
Q42: A paint firm has just announced that
Q43: Medicare and Social Security are examples of<br>A)
Q44: An externality exists when<br>A) goods are sold
Q45: The government corrects for externalities in all
Q46: What happens in public schools when government