Proponents of a balanced budget amendment argue that the private advantages that each of us realizes from spending on our government programs are paid for almost entirely by other taxpayers

Real income measures the

A) slope of the budget line. B) purchasing power of a given income. C) slope of the preference map. D) area under the indifference curve.

In the ________, one firm sets its output first, and then a second firm, after observing the first firm's output, makes its output decision

A) Cournot model B) model of monopolistic competition C) Bertrand model D) kinked-demand model E) none of the above