Federal government spending as a percentage of GDP was the highest since 1960 during:
a. the Great Depression

It is inefficient to charge a positive price for a collective consumption good

a. True b. False

Jim is haggling with a car dealer, along with another customer, over the sale price of a used car. When he entered the store, the storekeeper was already haggling with the other customer. As Jim makes an offer on the car, the other customer leaves the store, and the storekeeper accepts Jim's offer. This is because

a. The storekeeper's disagreement value decreased b. The storekeeper's disagreement value increased c. The storekeeper's disagreement value did not change d. None of the above