The prices typically studied in microeconomics are

The majority of dollars spent by government prior to the Great Depression was spending at the ________. In the post World War II period, two-thirds to three quarters of all dollars spent by government in the United States are spent at the ________

A) federal level; state and local levels B) local level; state level C) state and local levels; federal level D) state and local levels; state level

What is the assumption underlying public-choice theory?

A) Elected officials believe in cooperating with one another and they seek to avoid competition among themselves. B) The costs and benefits of being efficient are the same whether one is in the private sector or in the public sector. C) Individuals act within the political process to improve their own individual well-being. D) Resources in the public sector are not scarce.