The single largest expenditure by state and local governments is on

To an economist, risky options:

A) are always bad options. B) are always good options. C) have costs and benefits fixed in advance. D) do not have costs and benefits fixed in advance.

The line that relates the price of a good and the quantity supplied of that good is called the supply

a. schedule, and it usually slopes upward. b. schedule, and it usually slopes downward. c. curve, and it usually slopes upward. d. curve, and it usually slopes downward.