Multiple Choice
Sometimes the government varies its spending, depending on the needs of the country. This statement best represents economic concept that:
A) resources should be used as efficiently as possible to achieve society's goals.
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:

Verified
Correct Answer:
Verified
Q12: If an economy has NOT achieved efficiency,there
Q18: A trade-off involves weighing costs and benefits.
Q19: Scarcity in economics means that:<br>A)we do not
Q29: For an economist,the cost of something is:<br>A)the
Q65: The cost of leaving the skating championship
Q130: You like to read Vogue and Sports
Q133: The basic concern of microeconomics is:<br>A)to keep
Q136: A dozen friends got together to celebrate
Q148: Which of the following statements is TRUE?<br>A)The
Q175: If a market is in disequilibrium:<br>A)it will