Which of the Following Statements Is True of the Functionality

question 3

Multiple Choice

Which of the following statements is true of the functionality of agencies providing services?

• A) Social Security programs necessitate that there be a federal agency to determine eligibility and pay benefits.
• B) The mere existence of most government programs hardly creates any new agency or expands the functions of an existing one.
• C) Welfare programs are run easily without being administered by the government.
• D) Government agencies often stand as a substitution for competition.
• E) Agencies that function to provide services are created out of sheer manpower rather than necessity.

---

Definitions:

Economic Growth

The increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

Gross Saving

Gross Saving is the total amount of savings made within an economy before any deductions for depreciation or consumption.

Business Saving

Business Saving involves the retention of profits by a business after paying taxes and dividends, meant for future investment or to cover future expenses.

Productivity Growth

An increase in the efficiency of production, measured by the amount of goods and services produced per unit of labor, capital, or other inputs.