When prices rise, which of the following happens to income?

When buyers and sellers optimize in a perfectly competitive market, ________

A) social surplus is maximized B) social surplus is minimized C) only consumer surplus is maximized D) only consumer surplus is minimized

When compared with other governments around the world, government spending in the United States as a percentage of GDP_____

a. is generally lower than similar countries b. is generally higher than similar countries c. is about average relative to similar countries d. is impossible to compute because of differences between countries