The Three Major Categories of Government Spending Are

question 92

Multiple Choice

The three major categories of government spending are

• A) government purchases, defense spending, and interest payments.
• B) defense spending, Medicare and Medicaid, and net interest.
• C) government purchases, transfer payments, and net interest.
• D) government purchases, defense spending, and transfer payments.

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Definitions:

Ethical Entrepreneurship

The practice of conducting business in a manner that is guided by moral principles and values, aiming to have a positive impact on society and the environment.

Social Problems

Issues that affect many people in a society, often requiring intervention to solve or mitigate.

Tolerance for Ambiguity

The degree to which an individual is comfortable with uncertainty, unpredictability, conflicting directions, and multiple demands.

High Energy Level

A state of having a great amount of physical or mental vitality.