1 Point

In economic terms, which statement is true of all governments?

The correct answer is A) they are social institutions.

The other options of the questions were B) They are controlled by the military. C) They allow people to elect who will hold office. D) They have leaders who care about the common people.

In economic terms, the statement that is true of all governments is that they are social institutions.

In democratic countries such as the United States, governments are formed to rule the nation and to protect the interests of the people. The citizens elect their President and legislators, and these officials have to responsible conduct the nation to create the proper economic conditions that allow people to invest, open business, and prosper.