Different public goods can have different sized sharing groups, so efficiency would dictate _____
a. that only one national government is necessary
b. that public goods be provided by the federal government and the states deal with externalities
c. one world government for most pure public goods
d. different public goods supplied at different levels of government
d
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The portion of the public debt held outside federal agencies and the Federal Reserve is:
A. larger than the portion held by federal agencies and the Federal Reserve. B. smaller than the portion held by federal agencies and the Federal Reserve. C. equally split between U.S. and foreign lenders. D. all held by foreign lenders.
Basically the United States' high rate of population growth since the time of George Washington's presidency
A. has been a drag on the United States' rate of economic growth. B. pushed up the United States' rate of unemployment. C. created a growing problem of not enough food to feed everyone. D. provided a market for the United States' farmers and manufacturers.