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:

Final Surrender

The act of officially ending conflict by conceding defeat, often marked by the signing of a document or public declaration, signaling the cessation of hostilities.

Civil War

A war between citizens of the same country, famously referring to the American Civil War from 1861 to 1865, which was fought over the issues of states' rights and slavery.

April, 1865

A significant month during the American Civil War, marked by the surrender of Confederate General Robert E. Lee, effectively ending the war.

Election of 1860

The 19th presidential election in the United States, resulting in Abraham Lincoln's victory, which precipitated the American Civil War.