Which one of the following might offset a crowding-out effect of financing a large public debt?

Which of the following is true?

A) Local governments cannot collect taxes in the U.S. B) Only state governments can collect taxes in the U.S. C) Only the federal government can collect taxes in the U.S. D) The central as well as the local governments collect taxes in the U.S.

Which of the following is most likely to occur if a cartel does not find an acceptable way to allocate sales among its members?

A) Output will decrease. B) Prices will rise. C) Selling costs will increase. D) The marginal costs of individual members will rise above their marginal revenue.