__________ Is a Government Justification for Sustaining High Levels of Defense

question 79

Multiple Choice

__________ is a government justification for sustaining high levels of defense spending.

• A) The fact that defense spending decreases taxes
• B) The idea that we need to be so strong that we can help any persecuted people in the world
• C) The concept of the world as an unsafe place even without the Soviet threat
• D) The health of our infrastructure and education system

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Definitions:

Net Change

The difference in a variable's value between two points in time, indicating increase or decrease.

Utility

A measure of satisfaction or benefit that a consumer derives from the consumption of goods and services.

Behavioral Economics Research

Behavioral economics research studies the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions and how those decisions vary from those implied by classical theory.

Anchoring Effect

A mental shortcut in which a person gives excessive weight to the first piece of information they receive (known as the "anchor") during decision-making processes.