Contrary to many researchers' views, Hurst (1969) claims the government needed private investors to fund internal improvements

Suppose that in 2020 the average citizen's federal tax bill is $14,888 per person, and total federal spending is $13,997 per person. In 2020, the federal government will have

a. a per person budget surplus of $891. b. a per person budget deficit of $891. c. horizontal equity. d. vertical equity.

Which of the following would most likely tell an economist if a policy is efficient?

a. positive analysis b. normative analysis c. subjective analysis d. correlation analysis