Which of These Resulted from the Great Depression

question 98

Multiple Choice

Which of these resulted from the Great Depression?

• A) The federal government cut Social Security benefits because it lacked adequate funds.
• B) The federal government assumed new responsibilities for the management of economic matters.
• C) The states assumed new responsibilities for the management of national economic matters.
• D) The federal government devolved responsibility for solving the economic crisis to the states.
• E) The federal government took a laissez-faire approach when dealing with economic matters.

---

Definitions:

Cost Effectiveness

An evaluation criterion that compares the relative costs and outcomes (effects) of two or more courses of action.

Common Size Income Statement

A financial statement in which all items are expressed as a percentage of total sales, facilitating ratio analysis and comparison.

Operating Expenses

Costs associated with the day-to-day operations of a business, such as rent, utilities, and payroll.

Net Income

Company's overall earnings post the subtraction of taxes and operational costs from its total revenue.