Question

when a product, such as a new smart tv, becomes highly popular and prices rise due to high demand. finally, public goods, such as national parks, are non - rivalrous, meaning that one persons use does not diminish another persons ability to use them. however, items like clothing and cars are not public goods because they are privately owned and rivalrous. understanding these concepts helps clarify the dynamics of a market economy, from how businesses operate to how consumers influence production decisions. question 35 1 pts the majority of government funding is spent on welfare programs, education, and health programs. true false

Explanation:

Government spending varies by country and time - period, but welfare, education, and health are significant areas of expenditure in many governments. However, it's not always the majority in all cases as defense, infrastructure, and debt - servicing can also be major outlays.

Answer:

False