Government purchases for consumption and investment:
A) are made to acquire resources necessary to produce government goods and services.
B) are designed to redistribute purchasing power among citizens.
C) have increased in importance as a percent of federal spending since 1959.
D) do not withdraw resources from private use.
Correct Answer:
Verified
Q21: The old-age support ratio is:
A)the proportion of
Q22: As of 2015, which country listed below
Q23: A mixed economy is one in which:
A)there
Q24: Which of the following is an example
Q25: Federal government expenditures in the United States
Q27: What is the difference between transfer payments
Q28: Nonmarket rationing means that:
A)those willing to pay
Q29: Taxes:
A)are prices paid for the right to
Q30: Government goods and services are usually:
A)not rationed
Q31: Transfer payments by the federal government in
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