A country’s level of well-being is determined primarily by its level of

The figure above shows the money market. At which interest rate are people selling bonds and thereby changing the interest rate?

A) 4 percent B) 5 percent C) 6 percent D) 6 percent and 4 percent E) 6 percent, 5 percent, and 4 percent

Many small governments provide more utility to individuals than one large government in most cases because _____

a. individuals have heterogeneous preferences and can move to an area that suits their taste for government b. individuals have homogeneous preferences and can move to an area that suits their taste for government c. the optimal sharing group for nearly all public goods is the local level d. individuals generally have a preference for local government