Government's Unfunded Liabilities

question 112

Multiple Choice

Government's unfunded liabilities

• A) result from the political bias toward immediate benefits and deferred costs.
• B) result in more efficient policies in an attempt to satisfy these liabilities.
• C) are caused primarily by market failures.
• D) only occur in democratically elected governments.

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Definitions:

Scientific Research

A systematic investigation and study into materials and sources to establish facts and reach new conclusions.

Environmental Degradation

The deterioration of the environment through the depletion of resources, destruction of ecosystems, and extinction of wildlife.

Advantaged

Refers to individuals or groups that have a superior position in terms of resources or opportunities compared to others.

Disadvantaged

Refers to individuals or groups that face social, economic, or political barriers that prevent them from achieving the same success as others in society.