If the price of one input changes, the firm will change its use of that input only

If fiscal policy were able to exert a significant impact on the economy during the Great Depression, we would expect

a. an increase in government expenditures and a reduction in budget deficits. b. an increase in government expenditures and an increase in budget deficits. c. a decrease in government expenditures and a reduction in budget deficits. d. a decrease in government expenditures and an increase in budget deficits.

The problem with public goods is that

a) too many people are excluded from their use and must find alternatives in the private sector b) the opportunity to act as a free rider is a disincentive to pay for public goods c) they compete with private goods, driving companies out of business d) they could be provided more efficiently by private companies e) they are distributed according to willingness to pay rather than ability to pay