Sometimes the government varies its spending, depending on the needs of the country. This statement best represents the economic concept that:
A)resources should be used as efficiently as possible to achieve society's goals.
B)when markets don't achieve efficiency, government intervention can improve society's welfare.
C)overall spending sometimes gets out of line with the economy's productive capacity.
D)government policies can change spending.

Question

Quizplus · Accepted Answer

The statement suggests that the government has the power to change its spending patterns, which is a key concept of government policies. A reflects the concept of efficiency, but not necessarily the government's role in changing spending. B refers to the concept of market failure and government intervention, which is not directly related to the statement. C mentions spending and the economy's productive capacity, but not necessarily the government's role in changing spending patterns.

Sometimes the Government Varies Its Spending, Depending on the Needs