There is substantial agreement among scholars that at least two functions of government are legitimate. These two functions are the
a. protection of the rights of individuals to their person and property and the provision of goods that cannot easily be provided through markets.
b. redistribution of income from some individuals to others and the waging of war to expand the nation's territory.
c. production of postal services and cable television.
d. taxation of goods that are generally considered immoral or bad and the regulation of large corporations.
A
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The point at which buyers and sellers "agree" on the quantity of a good they are willing to exchange at a given price is called:
A. equilibrium. B. optimization. C. maximization. D. market collapse.
The federal government spends more on foreign aid than it spends on transportation, education, and agriculture combined
Indicate whether the statement is true or false
A principal disadvantage of conventional checking accounts compared to money market mutual funds is that checking accounts
A. are less liquid. B. often do not pay interest. C. cannot be used as a store of value. D. are not insured by deposit insurance.
If the government attempts to control pollution with a command-and-control policy:
A. the government will command each firm to produce no more than a certain level of pollution. B. the government will control the firm's entire production process. C. the government will force the firm to use particular pollution-control technologies. D. All of these