Over the Last 50 Years,federal,state,and Local Governments Have

question 26

Multiple Choice

Over the last 50 years,federal,state,and local governments have

• A) increased their expenditures faster than the growth in total output.
• B) gradually but steadily declined in importance in economic matters.
• C) demonstrated a movement toward significant public ownership of the means of production.
• D) moved increasingly toward nationalization of the defense industry.
• E) appreciably expanded public ownership in the electric power industry.