Multiple Choice
Which of the following is true regarding this statement? "The president's decision to spend more money on national defense is smart."
A) This topic would be studied in microeconomics.
B) Ceteris paribus does not apply to the government.
C) The federal government does not face scarcity.
D) This is a normative statement.
E) Social interest must always be more important than self-interest.
Correct Answer:
Verified
Correct Answer:
Verified
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