Which of the Following Is True About Government Activity in the United

question 63

Multiple Choice

Which of the following is true about government activity in the United States?

• A)Macroeconomic policy is handled mainly at the state level.
• B)Higher education is handled mainly at the national level.
• C)Primary and secondary education is handled mainly at the local level.
• D)Primary and secondary education is handled mainly at the national level.
• E)Police and fire protection are handled mainly at the state level.

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Definitions:

Trade Barriers

Government-imposed regulations such as tariffs, quotas, and embargoes that restrict the free flow of goods and services between countries.

Efficiency Loss

Losses in economic efficiency that occur when equilibrium for a good or a service is not achieved or is not achievable.

Free Trade

An economic policy that allows for unrestricted import and export of goods and services between countries, devoid of tariffs, quotas, or other trade barriers.

Import Quotas

Limits set by a government on the amount or value of goods that can be imported into a country, usually meant to protect domestic industries.