The economic functions of government differ from the political functions of government in that
A) the economic functions are carried out by the federal government, while the political functions are carried out by state and local governments.
B) the economic functions include policies that affect income redistribution, while the political functions involve things that affect the way exchange is carried out.
C) the economic functions involve things that affect the way exchange is carried out while the political functions include policies that affect income redistribution.
D) the economic functions are carried out by state and local governments, while the political functions are carried out by the federal government.
Question 2
When a rise in the price of one item results in a decrease in the demand for another good, then the two goods are
A) substitute goods.
B) complementary goods.
C) inferior goods.
D) satisfying the law of supply.
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