POSC 1010 EXAM 1 Question and Answer | Complete Study Pack | Grade A+

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POSC 1010 EXAM 1 Question and Answer | Complete Study Pack | Grade A+

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POSC 1010 EXAM 1 Question and Answer | Complete Study Pack | Grade A+

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POSC 1010 EXAM 1 Question and Answer
| Complete Study Pack | Grade A+
• Taxation . CORRECT ANSWER: Government's method of collecting revenue
from citizens.

• Spending . CORRECT ANSWER: Allocation of government funds for public
services.

• Regulation . CORRECT ANSWER: Government rules to control marketplace
activities.

• Elections . CORRECT ANSWER: Process for citizens to choose government
representatives.

• Bureaucracy . CORRECT ANSWER: Administrative system managing
government operations.

• Freedom . CORRECT ANSWER: State of being free from oppressive
restrictions.

• National Defense . CORRECT ANSWER: Protection of a nation from external
threats.

• Public Safety . CORRECT ANSWER: Government efforts to ensure community
safety.

• Social Safety Net . CORRECT ANSWER: Programs providing financial support
to citizens.

, • Public Goods . CORRECT ANSWER: Non-exclusive goods provided by the
government.

• Externality . CORRECT ANSWER: Cost or benefit affecting third parties.

• Positive Externality . CORRECT ANSWER: Benefit enjoyed by others from an
action.

• Negative Externality . CORRECT ANSWER: Cost imposed on others by an
action.

• Mixed Economy . CORRECT ANSWER: Economic system combining private
and government ownership.

• Constitutional Republican Democracy . CORRECT ANSWER: Government
limited by law, representing the people's will.

• Popular Sovereignty . CORRECT ANSWER: Government's power derives from
the consent of the governed.

• Representative Democracy . CORRECT ANSWER: Citizens elect representatives
to make decisions.

• Liberty . CORRECT ANSWER: Freedom from oppressive restrictions imposed
by authority.

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Uploaded on: June 30, 2026
Number of pages: 12
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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