The economic functions of government differ from the political functions of government in that
A)the economic functions are carried out by provincial and municipal governments,while the political functions are carried out by the federal government.
B)the economic functions involve things that affect the way exchange is carried out while the political functions include policies that are intended to affect income redistribution.
C)the economic functions are carried out by the federal government,while the political functions are carried out by provincial and municipal governments.
D)the economic functions include policies that affect income redistribution,while the political functions involve things that affect the way exchange is carried out.

Question

Quizplus · Accepted Answer

The economic functions of government involve policies and regulations that affect trade, commerce, and the market economy, while the political functions involve policies that govern the distribution of power, decision-making processes, and public services. Income redistribution is a political function as it involves the allocation of resources and benefits to different groups in society, whereas things like tariffs, subsidies, and regulations are economic functions as they affect the flow of goods and services in the economy. The level of government responsible for carrying out these functions may vary depending on the country or jurisdiction, but the distinction between economic and political functions remains the same.

The Economic Functions of Government Differ from the Political Functions