Which of the Following Statements About the Combined 2003 Budgets

question 1

Multiple Choice

Which of the following statements about the combined 2003 budgets of state and local governments is false?

• A) Purchases of goods and services by state and local governments exceed the purchases of goods and services made by the federal government by more than 2 to 1.
• B) Expenditure by the federal government on defense exceeded total outlays of state and local governments.
• C) State and local governments pay more interest than they earn each year, but the federal government earns more than it pays.
• D) Both b and c.
• E) None of the above.

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Definitions:

Labor Movement

A social movement comprising workers organizing for better conditions, rights, and wages in the workplace.

Right to Assemble

A fundamental right, often protected by law or constitution, that allows people to gather peacefully for purposes such as protest or meetings.

Socialism

A political and economic theory advocating for collective or governmental ownership and administration of the means of production and distribution of goods.

U.S. Congress

The bicameral legislature of the federal government of the United States, consisting of two chambers: the Senate and the House of Representatives.