“The size of government is too big.” Evaluate this statement
Please provide the best answer for the statement.
Economists do not worry about the size of government as much as the efficiency of a given program. Focusing on the marginal benefits and marginal costs of programs can determine whether it should be implemented. The program should be implemented or expanded up to the point which the marginal benefit equals the marginal costs, any point beyond that the program should be reduced.
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The largest component of the money supply (M1 ) is
A) time deposits. B) large CDs. C) demand deposits. D) coin and currency.
Which of the following would increase the demand for union labor?
A) increasing worker productivity B) increasing the demand for union made goods C) decreasing the demand for non-union-manufactured goods D) all of the above