Which of the Following Is an Accurate Statement About the Consequences

question 36

Multiple Choice

Which of the following is an accurate statement about the consequences of declining trust in government?

• A)Distrust makes people more willing to pay the taxes necessary for public activities.
• B)Distrust makes it difficult for government to attract talented and effective workers to public service.
• C)Distrust makes it easier for the government to help people in times of crisis.
• D)Distrust strengthens the government's ability to defend our national interests in the world economy.

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Definitions:

Total Cost

The total expense of manufacturing, comprising both constant and fluctuating costs.

Market Price

The cost at which a product or service is made available in the market, dictated by the forces of supply and demand.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, indicating the profit beyond the normal return on investment.

Marginal Decision Rule

A principle stating that an action should be taken if, and only if, the marginal benefits are greater than or equal to the marginal costs.