Rank the following state and local government expenditure categories from smallest to largest

a. education, health, highways
b. education, highways, health
c. highways, health, education
d. health, education, highways.


c

Economics

You might also like to view...

If the government issues new government bonds to finance a budget deficit, the supply of loanable funds will ________ and the equilibrium amount of investment will ________

A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease

Economics

The new Keynesians believe that the economy is not always in equilibrium because:

a. of the existence of voluntary unemployment. b. the Federal Reserve policy is too restrictive. c. government intervention destabilizes the economy. d. of the existence of wage and price rigidities. e. the rate of inflation is too high.

Economics

Trade is based on

A. absolute advantage. B. comparative advantage. C. production costs. D. relative dollar prices.

Economics

If total revenue exceeds the total cost of production, a firm

A. suffers a loss. B. shuts down. C. earns a profit. D. breaks even.

Economics