Statement I.In the United States,the economic role of the government is played almost entirely at the federal level.
Statement II.The outcomes of each of the three basic economic questions are affected by government actions.

Question

Quizplus · Accepted Answer

Statement I is false because the economic role of the government in the United States is not played almost entirely at the federal level; state and local governments also play significant roles in the economy through regulations, taxation, and spending. Statement II is true as government actions, through policies, regulations, and fiscal measures, indeed influence how resources are allocated, what goods and services are produced, and who receives them.