Refer to the information provided in Figure 20.2 below to answer the question(s) that follow. Figure 20.2Refer to Figure 20.2. The opportunity cost of a car is ________ truck(s) in the United States and ________ truck(s) in England

The multiplier that arises from equal increases in government spending and taxes is called the

A) balanced budget multiplier. B) simple multiplier. C) tax multiplier. D) government spending multiplier.

According to economic theory, a politician

A) expands activities whose marginal benefit exceeds marginal cost. B) contracts activities whose marginal cost exceeds marginal benefit. C) does not necessarily act on narrow or selfish interests. D) does all of the above. E) does none of the above.