How have states worked to overcome the temptation of increased government spending and decreased taxation?
Please provide the best answer for the statement.
Many state governments have implemented and enforced a balanced-budget law. This law does not occur at the national level, but encourages states to avoid the problem of accruing significant debt by limiting government officials spending and tax cuts.
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Adverse selection occurs in the market for used cars because used car buyers
A) tend to have more accidents than new car buyers. B) have more information than used car sellers. C) have less information than used car sellers. D) have less incentive to maintain the value of their cars than new car buyers.
The four categories of investment expenditures are
a. producer’s durable equipment and software, new nonresidential structures, changes in inventories, and residential structures. b. producer’s durable equipment and software, new nonresidential structures, consumer’s durable equipment and structures, and residential structures. c. producer’s durable equipment and software, new nonresidential structures, consumer’s durable equipment and structures, and residential structures. d. consumer’s durable equipment and structures, new nonresidential structures, changes in inventories, and residential structures.