Which of the Following Statements Is FALSE

question 87

Multiple Choice

Which of the following statements is FALSE?

• A)Until the 1970s the American economy was essentially a closed system.
• B)Until the 1970s Say's Law best described our economic system.
• C)The American economy is more dependent on foreign manufacturing today than it was in the 1970s,and is therefore more of a closed economy.
• D)The American economy today is an open economy where supply no longer creates its own demanD.

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Definitions:

Public Opinion

The collective attitudes, beliefs, or views of the adult population concerning issues of interest or concern, often assessed through surveys or opinion polls.

Congress

The bicameral legislature of the federal government of the United States, consisting of two chambers: the Senate and the House of Representatives, responsible for making laws.

Progressive Policies

Policies aimed at reforming and improving society through governmental action, often focusing on issues of social justice, equality, and environmental protection.

Welfare

A government program that provides financial aid and services to individuals and families in need.