Which of the Following Is True About Government Services as a Component

question 106

Multiple Choice

Which of the following is true about government services as a component of GDP?

• A) It includes welfare benefits.
• B) It includes spending on national defense.
• C) It includes Social Security benefits.
• D) It includes federal government spending but not state and local spending.

Understand the necessity and impact of notice of assignment in contractual agreements.

Comprehend the legal remedies available to parties in contracts involving third-party beneficiaries.

Learn about the factors that prevent the assignment of contracts.

Understand the legal requirements for certain contracts to be in writing under the statute of frauds.

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Definitions:

Availability Heuristic

A cognitive shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method or decision.

Sole Responsibility

A situation or task where one person is entirely accountable without sharing duties or blame with others.

Recall

A measure of memory in which the person must retrieve information learned earlier, as on a fill-in-the-blank test.

Availability Heuristic

A cognitive shortcut that depends on the first examples that pop into someone's head when considering a particular topic, concept, strategy, or choice.