The unique two-party system in the United States is based on______________?
Correct answer: D. broad agreement on basic principles
- A. the need to have religious representation in government
- B. proportional representation
- C. extremist ideologies
- D. broad agreement on basic principles
Explanation
The US two-party system is sustained by broad agreement on fundamental constitutional and economic principles, even though the parties differ on policy details. It is not based on proportional representation or extremist ideologies.
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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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