Classify each of the following specific policy actions in terms of the five basic functions of government.
Question:
(a) Government expenditures for military and space research
(b) Amending the existing social security system to provide "catastrophic health insurance" for long illnesses
(c) The establishment of the Federal Trade Commission to police false and misleading advertising
(d) State subsidies to local school districts
(e) A Federal excise tax on gambling
(f) A program to distribute surplus agricultural products to poor families
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a This is areallocation of resources from the private sector to the public sector toprovide for public goods in the form of military and space researc...View the full answer
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