Which of These Statements About Military Spending by Russia, China

question 22

Multiple Choice

Which of these statements about military spending by Russia, China, India and the United States is incorrect?

• A) In 2016 U.S. military spending was approximately three times higher than China's.
• B) In 2016 U.S. military spending was approximately twice as high as Russia's.
• C) Between 2000 and 2016, China's military spending grew at a faster rate than Russia's and India's.
• D) From 2000 to 2016, Russia and India had roughly equal levels of military spending.

---

Definitions:

Market Economy

An economic system where economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses with minimal government intervention.

Command System

A method of organizing an economy in which property resources are publicly owned and government uses central economic planning to direct and coordinate economic activities; socialism; communism. Compare with market system.

Laissez-faire Capitalism

An economic system where government intervention in business and markets is minimal, and the forces of supply and demand are allowed to regulate the economy.

Central Planning

A system where economic decisions, such as the allocation of resources, are made by the government or a centralized authority.