Which of the Following Statements Is True

question 100

Multiple Choice

Which of the following statements is true?

• A) U.S.government agencies produce or purchase nearly 40 percent of all goods and services produced in the nation each year.
• B) The federal government is the largest single purchaser of goods and services in the world.
• C) Public finance is involved with how individuals in the public sector make choices that maximize their utility.
• D) In the United States, government purchases exceed government expenditures.

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Definitions:

Threshold

The point at which a stimulus is strong enough to detect or produce a response.

Candle Flame

The visible, luminous part of a candle fire, which emits light as a result of combustion.

Night

The period of time between sunset and sunrise, characterized by darkness due to the absence of direct sunlight.

Wavelengths

Wavelengths refer to the distance between successive crests of a wave, especially points in a sound wave or electromagnetic wave.