Which of the Following Is True When Comparing Government Involvement

question 44

Multiple Choice

Which of the following is true when comparing government involvement in the U.S.economy to that of Canada?

• A)Government involvement in the economy has always been about the same for these two countries.
• B)You cannot compare the level of involvement of the governments of these two countries as Canada has a socialist system and the U.S.has a capitalist system.
• C)The U.S.government does not regulate any markets in that country; they are the best example of pure capitalism in the world.
• D)Government involvement in the economy has always been greater in Canada than in the U.S.
• E)Government involvement in the economy is greater in the U.S.than it has ever been in Canada.

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Definitions:

Amortized

Adjusted through gradual reduction of the loan balance or asset value over time by making regular payments that cover both principal and interest.

Goodwill

An intangible asset that arises when a business is purchased for more than the fair value of its net identifiable assets.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold in a company, including materials and labor.