Which of the Following Is NOT True About Federal Expenditures

question 9

Multiple Choice

Which of the following is NOT true about federal expenditures?

• A)Spending on payments to individuals now makes up the largest chunk of federal expenditures.
• B)Spending on national defense is greater today than it was during the Vietnam War.
• C)Spending on national defense and on payments for individuals has continually risen since 1967.
• D)All of the above are true.
• E)None of the above is true.

---

Definitions:

Fixed Cost

Expenses that do not change with the level of output produced, such as rent, salaries, and insurance premiums.

Patent

A legal grant by a government to an inventor, giving the right to exclude others from making, using, or selling an invention for a certain number of years.

Fixed Cost

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance, remaining constant regardless of business activity volume.

Patent

A legal document granting an inventor exclusive rights to manufacture, use, or sell an invention for a certain number of years.