Which of the Following Explains Why It Is Difficult to Reduce

question 8

Multiple Choice

Which of the following explains why it is difficult to reduce government spending by reducing one program at a time?

• A) There is limited support from millions of taxpayers who will save only a few dollars each if a program is eliminated.
• B) The views of the masses generally outweigh those of the special interest groups.
• C) Most people are willing to cut spending on programs that affect them but are not willing to do so for programs that affect others.
• D) none of the above

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Definitions:

Asset

Any resource owned or controlled by a business or an individual that is expected to produce value or benefit in the future.

Unearned Fees

Income received by a business for goods or services yet to be delivered or performed, considered a liability until the service or product is delivered.

Liability

A financial obligation or debt owed by a company or individual to another entity, payable in money, goods, or services.

Account Type

Categories under which financial transactions are recorded, such as assets, liabilities, equity, revenue, and expenses.