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

Quizplus · Accepted Answer

The economic functions of government involve policies and actions that affect the way exchange is carried out, such as taxation, regulation, and monetary policy. The political functions of government involve policies that affect the exercise of power and decision-making within society, such as law enforcement, national defense, and diplomacy. Income redistribution can fall under both economic and political functions, but in general, economic functions are focused on the regulation of economic activity, while political functions are focused on the exercise of political power.

The Economic Functions of Government Differ from the Political Functions