Although National Defense Is Currently a Public Good, Economists Who

question 28

True/False

Although national defense is currently a public good, economists who advocate small government generally agree that the U.S. should privatize national defense to increase the efficiency of the good.

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Definitions:

Cheeseburger

A hamburger served with a slice of cheese on top of the meat patty.

Priming

A psychological phenomenon where exposure to one stimulus influences the response to a subsequent stimulus, without conscious guidance.

Money

A medium of exchange in the form of coins and banknotes; used to facilitate transactions for goods and services, serving as a unit of account, a store of value, and sometimes, a standard of deferred payment.

Abstract Thinking

The capability to understand concepts that are real or tangible without relying on specific examples or experiences.