Public choice analysis indicates that it will be politically more attractive to
a. enact restrictive fiscal policy during an economic expansion than to enact expansionary fiscal policy during a recession.
b. enact expansionary fiscal policy during an economic expansion than to enact restrictive fiscal policy during a recession.
c. enact expansionary fiscal policy during a recession than to enact restrictive fiscal policy during an economic expansion.
d. raise taxes than to increase spending.
C
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Antitrust regulators allow mergers if the firms agree to sell off certain parts
a. True b. False Indicate whether the statement is true or false
Suppose that the marginal benefit per dollar spent on pop tarts is less than the marginal benefit per dollar spent on waffles. The consumer can always increase their utility by buying:
A. more pop tarts and fewer waffles. B. fewer pop tarts and more waffles. C. more of both goods. D. The consumer cannot increase her utility.