The United States spends much more on health care per capita than other nations do but does not get better health outcomes.

According to supply-side economists, when operating in the upper portion of the Laffer curve, tax cuts result in ___________.

Fill in the blank(s) with the appropriate word(s).

Generally, accounting profits are:

A) greater than economic profits, because accounting profits do not consider explicit costs. B) equal to economic profits, because accounting costs include all opportunity costs. C) smaller than economic profits, because accounting profits do not consider implicit costs. D) greater than economic profits, because accounting profits do not consider implicit costs.