The political functions of government differ from the economic ...

[nautica902]

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.

Question 2

For a monopolistically competitive market, the number of firms in the market implies that
 
  A) each firm faces a perfectly elastic demand.
  B) all firms will make losses.
  C) each firm acts independently of other firms.
  D) firms will collude to set monopoly price and output.

[meryzewe]

Answer to Question 1

A

Answer to Question 2

C

[nautica902]

Thank you

[meryzewe]

No problemo