Using marginal analysis, an economist would judge the proper size of government by comparing
A. whether the last dollar spent on one program would have been better spent on another.
B. whether the last dollar spent would have been better left in private hands.
C. the amount spent with the amount spent in the previous year.
D. whether the last dollar spent garnered any value to society.
Answer: B
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A commercial bank puts the funds it receives from various sources into
A) securities, cash assets and loans. B) loans, notes and coins in the bank's vault and deposits. C) reserves, deposits and loans. D) securities, cash assets and deposits.
Of the approximate total population of 300 million people in America, about how many have incomes below the official poverty level?
A) approximately 13 million B) approximately 46 million C) approximately 73 million D) approximately 104 million