Which of the Following Statements Concerning the Enormous Expansion of the Scope

question 108

Multiple Choice

Which of the following statements concerning the enormous expansion of the scope and goals of the federal government is incorrect?

• A) It has not been random or unguided.
• B) Power has been enlarged in some directions more than others.
• C) Certain goals have been served more frequently than others.
• D) The selection of goals has been shaped by our political culture.
• E) None of the above

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Definitions:

Competitive Supply

The total quantity of a good or service that is available to consumers, determined by the sum of all individual suppliers’ quantities at each price level in a competitive market.

Elasticity of Supply

An evaluation of the extent to which the amount of a good provided alters as a result of variations in its price.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded.

Linear Supply

A supply relationship showing a direct, constant increase in quantity supplied as price increases.