State and local governments typically spend most of their budgets on providing
A. education.
B. public goods.
C. public welfare programs.
D. police protection and administrative services.
Answer: A
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For decades, the NCAA restricted the number of college football and basketball games that could be televised, and in 1982 the University of Georgia and the University of Oklahoma sued the NCAA under the federal antitrust laws
In 1984, the Supreme Court decided the case A) against the NCAA, citing anticompetitive practice. B) against the NCAA, citing that the NCAA did not control what television networks put on the air. C) for the NCAA, citing the fact that belonging to the NCAA was voluntary. D) against the NCAA, citing explicit collusion among the larger colleges.
Inputs in production processes are called resources.
Answer the following statement true (T) or false (F)