In a representative democracy, some responsibility for government extends to all citizens. a. True b. False Indicate whether the statement is true or false ANSWER TRUE
Date: September 9th, 2020
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
The expenses of the U.S. Postal Service _____. a. generally do not count towards total government expenditures b. are around two percent of total government expenditures c. are around one percent of total government expenditures d. are around five percent of total government expenditures ANSWER a
Date: September 9th, 2020
In 2003, federal government expenditures as a percentage of GDP were around _____. a. 10 percent b. 20 percent c. 30 percent d. 40 percent ANSWER b
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
