Which of the Following Is (Are) True? I

question 341

Multiple Choice

Which of the following is (are) true? I. For economists who favor a functional finance approach to the federal budget, their first priority is to determine whether the budget is in surplus or deficit.
II) Slowly growing and fully employed economies do not have important public debt or deficit issues.
III) The government's primary microeconomic job, according to those who favor functional finance, is to provide the public goods and services citizens want.

• A) I and II only
• B) I only
• C) II and III only
• D) III only.

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Definitions:

Unamortized Trademark

The portion of the trademark's cost that has not yet been expensed through amortization in the financial statements, representing the remaining value of the trademark.

Cash Dividends

Cash dividends refer to payments made by a corporation to its shareholders, usually out of its profits.

Goodwill

Represents the intangible asset that arises when a company acquires another for a price higher than the fair value of its net identifiable assets.

Equity Method

An accounting technique used to record investments in other companies, recognizing income and changes in investment value in proportion to the ownership percentage.