In 2011,which Category Represented the Largest Category of Spending for the U.S.federal

question 12

Multiple Choice

In 2011,which category represented the largest category of spending for the U.S.federal government?

• A)health
• B)income security
• C)national defense
• D)net interest

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Definitions:

Excess Capacity

A situation in which a company can produce more goods or services than currently demanded, due to underused resources.

Economic Profit

Profit calculated by subtracting both explicit and implicit costs from total revenues, indicating the efficiency beyond the breakeven point.

Capital-Intensive

Describing industries or processes that require a high level of capital investment in machinery and equipment relative to labor.

Labor-Intensive

A process or industry that requires a high input of labor relative to capital in the production of goods or services.