National, state, and local governments in America spend almost ________ of the gross domestic product.

The argument that a dual convergence will take place, and CMEs and LMEs will continue to have significant differences, is a component of the

a. globalization assimilation policy b. liberal market economies argument c. varieties of capitalism (VOC) perspective d. competitive advantage strategy

When voters elect their members of Congress and those representatives do NOT carry out their constituents’ wishes once they are in Congress, ______ is present.

a. bureaucratic lack of accountability b. a free rider problem c. a principal-agent problem d. a corrupt bargain