Sometimes the Government Varies Its Spending,depending on the Needs of the Country.Which

question 59

Multiple Choice

Sometimes the government varies its spending,depending on the needs of the country.Which economic principle does this statement BEST represent?

• A)Resources should be used efficiently to achieve society's goals.
• B)When markets don't achieve efficiency,government intervention can improve society's welfare.
• C)The true cost of something is its opportunity cost.
• D)Government policies can change spending.

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Definitions:

Recency Effect

A psychological phenomenon where the most recently presented items or experiences are more likely to be remembered than those presented earlier.

Rote Rehearsal

A memorization technique based on repetition, where information is repeated over and over to keep it in short-term memory for longer periods.

Permanent Memory

A long-term storage of information in the brain, considered to be relatively stable and enduring over time.

Impressive Feats

Remarkable acts or achievements that demonstrate a high level of skill, strength, or ingenuity.