A possible budget reform involves:
a. a quadrennial budget
b. breaking down the budget into increasingly small budget lines.
c. appointing agency heads with different priorities than those of elected representatives.
d. to simplify the budget document by concentrating only on major groupings and eliminating line items.
e. to eliminate the operating budget.
d
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Which of the following cases is an OCA that is NOT preferred by a home country?
A) The home country faces symmetric shocks with the other country. B) The labor market is well integrated, allowing for migration. C) The home country faces asymmetric shocks with the other country. D) The home economy is well integrated with the other country, carrying out vast amounts of trade.
Refer to the information below. If only 1 unit of this public good is produced, then the marginal benefit is:
Answer the question on the basis of the following information is for public good. Pa and Pb represent the prices that citizens (a) and (b), the only two people in this nation, are willing to pay for additional units of a quantity (Qc) of the public good. Qs represents the quantity of the public good supplied by government at each of the collective prices.
A. $3 and the marginal cost is $9
B. $4 and the marginal cost is $7
C. $6 and the marginal cost is $3
D. $9 and the marginal cost is $3