The five most important variables that determine the level of ________ are disposable income, wealth, expected future income, price level, and interest rate

If there are negative externalities that spill across governmental borders, this provides a justification for _____

a. private action b. larger governments c. smaller governments d. intergovernmental competition

A public policy that would lower everyone's income but would lower the income of the rich faster than that of the poor would further the goal of _____

a. improving the lot of those worse off b. social justice c. income equality d. Pareto optimality