Which of the Following Statements Is Correct

question 127

Multiple Choice

Which of the following statements is correct?

• A)Followers of the liberalism political philosophy believe that society should maximize the total of individual utilities.
• B)The poverty line is adjusted for regional differences in the costs of raising children.
• C)One advantage to the Earned Income Tax Credit (EITC) is that it benefits the working poor.
• D)Libertarians pursue policies to redistribute income from the rich to the poor.

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in the market.

Net Domestic Investment

The total investment in a country's economy in a given year, minus the depreciation on existing capital.

Gross Domestic Investment

The total amount of money that is invested within a country’s borders in the form of capital purchases and investments in construction and inventory changes.

Market Value

The current price at which an asset or service can be bought or sold in a marketplace.