Lump sum transfers ________ because they _______.
A. compromise efficiency; distort choices
B. don't compromise efficiency; distort choices
C. compromise efficiency; don't distort choices
D. don't compromise efficiency; don't distort choices
D. don't compromise efficiency; don't distort choices
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The one type of expenditure that we assume can differ from what spenders have planned is
A) consumption. B) investment. C) government expenditure. D) net exports.
For infant industry tariff protection to be valid requires that
A) the tariff must be allowed to last forever. B) only industries that currently are producing efficiently should be protected. C) government officials must predict which industries will eventually be able to compete with more established foreign producers. D) the industries protected must have substantial monopoly power in the absence of foreign competition.