Public choice theory focuses on the economics of:
A. fiscal and monetary policy.
B. the behavior of business firms.
C. antitrust and regulatory policy.
D. government decision making, politics, and elections.
Answer: D
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A) decreases; decreases B) decreases; increases C) increases; decreases D) increases; increases
According to the benefits-received principle, those who receive the benefits from a government program should pay the taxes that support the program
Indicate whether the statement is true or false
The marginal revenue product of labor declines as the number of workers increases because
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A survey which sought the opinion of professional economists on fourteen propositions about economic policy found that
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