A symbiotic relationship exists between__________________?
Correct answer: D. all of the above
- A. the press and politicians
- B. the president and Congress
- C. the two political parties
- D. all of the above
Explanation
A symbiotic relationship is one in which each side benefits from the other, as political institutions, parties and the press exchange influence, information and support. Thus, all three relationships can be described as symbiotic.
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Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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