Question

Ongress decides to fund a new road system knowing that such an action would reduce education and defense spending for the next two years.
Which of the following is illustrated by this decision?

a Democracy
b Competing goals of political parties
c Competing socio-economic goals
d Inflation

Answer 1

Answer:

Competing socio-economic goals

Explanation:

When Congress decides to fund a new road system knowing that such an action would reduce education and defense spending for the next two years, such a decision is illustrated as "Competing socio-economic goals."

Socio-economic goals element of the economy that enhances the economic system for the betterment of the citizens, it includes equity, freedom, growth, security, economic efficiency, and stability.

Hence, in this case, the correct answer is "competing socio-economic goals" as Congress's decision improves the economic efficiency of the country.