5. Approximately how large is the federal debt per capita? (a) $1,000 (b) $4,000

Question

5. Approximately how large is the federal debt per capita? (a) $1,000 (b) $4,000 (c) $10,000 (d) over $20,000. 6. State and local governments spend the most on (a) roads and highways (b) food stamps (c) education (d) public safety. 7. When the government expects that its income will be more than its expenditures, the budget will be described as (a) balanced (b) showing a deficit (c) having a surplus (d) allocated. 8. Which one of the following is not an economic responsibility of government? (a) redistributing income (b) maintaining economic stability (c) safeguarding competi- tion (d) solving the problem of scarcity. 9. Which one of the following is an example of a government regulatory agenc (a) Consumer Product Safety Commission (b) Department of Homeland Security (c) Post Office (d) Federal Bureau of Investigation. Those who favor transferring some of the authority of the federal governmen to te states and localities would most likely advocate (a) another War on Poverty O law (c) more unfunded mandates (d) more unconditional block grants. martial

Explanation / Answer

a) "D"

A government can't solve the problem of scarcity. All the other options are to be solved by the government.

b) "A", Consumer product safety commission is an example of government safety agency.

c) "D", After decentralization, they will demand more unconditional block grant.  

Related Questions

Navigate

• Browse (All)
• Browse 5
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.