Which of the following most clearly distinguishes government from a private business?
A) production of goods and services-private businesses produce things; governments do not
B) the power to tax
C) the hiring of law enforcement employees to protect property rights
D) selfishness-the owners and managers of private businesses are selfish; government officials are not
Correct Answer:
Verified
Q25: The Earned Income Tax Credit provides a
Q26: From the viewpoint of the entire economy,
Q27: The overall federal tax structure is
A) regressive
Q28: What percentage of personal income tax revenue
Q29: The share of the personal income tax
Q30: When the government borrows funds in order
Q34: The administrative, enforcement, and compliance costs of
Q35: Increased spending on which of the following
Q41: Economic theory indicates that, the size of
Q51: Expansion in the size of government relative
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