Which of the Following Statements Is True

question 13

Multiple Choice

Which of the following statements is true?

• A)The production possibilities of the economy define the limits to real income.
• B)Consumption equals investment.
• C)Market incomes equal business expenditures.
• D)Every dollar spent on goods and services becomes income for the government.

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Definitions:

Socialization

Development of habits, skills, values, and motives shared by responsible, productive members of a society.

Academic Skills

Abilities and aptitudes directly related to learning and performance in educational settings, such as reading, writing, and arithmetic.

Constructive Play

Play involving use of objects or materials to make something.

Blocks

In a generic sense, refers to physical cubes or rectangular solids used variously in toys, construction, and programming contexts.