Briefly explain the relationship between politics and economics.
What will be an ideal response?
Politics deals with the distribution of power and resources while economics are concerned with the production and distribution of wealth. Given that they both deal with the distribution of resources, certain key questions, such as how to pay for government, what role government should play in society, and who (government or the private sector) should pay for various services, have both a political and an economic component thus leading some to confuse the terms.
You might also like to view...
What is one reason why policy termination is difficult to accomplish? a. It is hard to readily identify government policies that appear wasteful, unnecessary, or inappropriate
b. Policies usually have a group of supporters who are strongly committed to the policy. c. Critics and opponents of a policy are often just as intense in their feelings as policy supporters. d. There are strict and complicated laws that protect policies from termination.
Which statement accurately describes Barack Obama's veto history?
a. Obama has issued very few vetoes and has not had any vetoes overridden. b. Obama has issued very few vetoes, but all of them have been overridden. c. When compared with other presidents, Obama is close to the fiftieth percentile in terms of presidential vetoes and veto overrides. d. Obama has issued more vetoes than most other presidents and several of them have been overridden.
Which of the following categories of interest groups is stronger in the industrial states of the Northeast and upper Midwest than in other parts of the country?
a. labor unions b. business and trade groups c. cause groups d. citizen groups e. prayer groups
The Club of Rome
a. worried most about food production. b. was first to suggest the problem of climate change. c. focused on the problem of infinite resources. d. focused on the problem of finite resources.