Markets do not always allocate resources efficiently, however, government always does. a. True b. False ANSWER b
Date: September 9th, 2020
U.S Postal Service spending is generally not included in total government expenditures. a. True b. False ANSWER a
Date: September 9th, 2020
Federal government expenditures account for more than two-thirds of the money spent in the public sector. a. True b. False ANSWER b
Date: September 9th, 2020
The deficit is financed through new taxes. a. True b. False ANSWER b
Date: September 9th, 2020
Social insurance taxes and individual income taxes comprise more than 80 percent of federal revenues. a. True b. False ANSWER a
Date: September 9th, 2020
As a percentage of total federal expenditures, national defense spending has _____ since the mid 1950s. a. slightly increased b. risen precipitously c. essentially stayed the same d. declined ANSWER d
Date: September 9th, 2020
Over the course of the 20th century, _____. a. federal government expenditures have grown less than state and local expenditures b. federal government expenditures have increased substantially as a percentage of GDP c. federal government expenditures remained fairly constant except during wartime d. federal government expenditures have always been higher than the expenditures of state […]
Date: September 9th, 2020
Expenditures on human resources comprise about ¬¬¬¬_____ of federal expenditures. a. half b. one-third c. one-fourth d. two-thirds ANSWER d
Date: September 9th, 2020
When compared with other governments around the world, government spending in the United States as a percentage of GDP_____. a. is generally lower than similar countries b. is generally higher than similar countries c. is about average relative to similar countries d. is impossible to compute because of differences between countries ANSWER a
Date: September 9th, 2020
Which of the following is ¬¬not true? a. In the 1950s, federal defense expenditures were larger than federal human resource expenditures. b. In 1995, federal defense expenditures were less than five percent of GDP. c. Federal expenditures on defense exceeded federal human resource expenditures until 1989. d. Federal defense expenditures have been declining continuously since […]
Date: September 9th, 2020
