Which of the Following Statements Is (Are)correct About the Funds

question 68

Multiple Choice

Which of the following statements is (are) correct about the funds used by governmental entities?

• A)I only
• B)II only
• C)I and II
• D)Neither I nor II

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Definitions:

Mainstream Economics

a body of economic thought and theories that are widely accepted and practiced by economists, focusing on market structures, economic efficiency, and the role of government.

Economic Efficiency

The optimal allocation of resources where output is maximized for a given set of inputs, or the input cost is minimized for a certain level of output.

Unions

Organizations formed by workers from related fields that work for the collective welfare of their members, focusing on negotiating wage rates, work practices, and benefits.

U.S. Labor Law

The body of laws, regulations, and judicial decisions concerning the rights of workers, labor unions, and employers in the United States.