The process of deciding on and passing fiscal policy legislation creates:

Scarcity is a problem:

a. measured by the amount of goods available. b. of the poor, but not the rich. c. because human wants are unlimited while resources are limited. d. only in industrialized economies.

_____ are payments from governments to producers or consumers when they engage in a particular economic activity

a. Taxes b. Subsidies c. Unilateral transfers d. Multilateral transfers