Which Is the Most Accurate Statement

question 239

Multiple Choice

Which is the most accurate statement?

• A)The poverty of older Americans is much greater than the problem of child poverty.
• B)Public assistance has been considered a great success.
• C)Medicare and Medicaid date back to the New Deal of the 1930s.
• D)Less than half of those eligible receive food stamps.

---

Definitions:

Trade Deficit

A condition in which the total cost of goods and services a country buys from abroad is greater than the total cost of goods and services it sells to other countries.

Trade Surplus

A trade surplus occurs when a country exports more goods and services than it imports, indicating a positive balance of trade.

Goods

Tangible items that are produced or manufactured and can be bought, sold, or traded.

Services

Intangible products that are produced and consumed at the same time, offering value without transferring ownership.