Which of the Following Is True

question 667

Multiple Choice

Which of the following is true?

• A) Real federal spending per person was approximately 50 times higher in 1900 than 1800.
• B) Real federal spending per person was approximately 80 times higher in 2010 than 1916.
• C) Real federal spending per person grew slowly under the Reagan Administration during the 1980s, but it increased rapidly under the Clinton administration in the 1990s.
• D) In recent years, government expenditures at the state and local levels have been greater than government spending at the federal level.

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Definitions:

Predatory Dumping

A practice where a company exports a product at a price significantly lower than its normal value, with the intention to drive out competition in the import country.

Sporadic Dumping

Occurs when a company exports a product at a price significantly lower than the price in its domestic market, but does so irregularly or occasionally.

Rent Seeking

The practice of gaining wealth without creating new wealth or value, often through manipulation of the social or political environment.

Rent Seeking

The activity of individuals or entities that seek to gain wealth through the manipulation of public policy or government allocation rather than through trade and the production of added value.