Solved

During the Great Depression,consumers and Producers in the United States

Question 50

Multiple Choice

During the Great Depression,consumers and producers in the United States dramatically reduced their spending relative to the quantity of goods and services available at the time.Which economic principle does this statement BEST represent?


A) Choices are necessary because resources are scarce.
B) When markets don't achieve efficiency,government intervention can improve society's welfare.
C) Overall spending sometimes gets out of line with the economy's productive capacity.
D) Government policies can change spending.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions