To maintain the desired level of spending
What will be an ideal response?
the government must either increase taxes or borrow to pay for the goods and services (just like we do).
Economics
You might also like to view...
Which of the following is an example of a product that is excludable and rival?
A) a motorcycle B) the court system C) Western lowland gorillas D) a NASCAR event
Economics
Which of the following is true at the point where diminishing returns set in?
a. Both marginal product and marginal cost are at a maximum. b. Both marginal product and marginal cost are at a minimum. c. Marginal product is at a maximum and marginal cost is at a minimum. d. Marginal product is at a minimum and marginal cost is at a maximum.
Economics