(Consider This) from an Economist's Perspective, When Is Government Too

question 5

Multiple Choice

(Consider This) From an economist's perspective, when is government too big?

• A) Government is always too big.
• B) when government activity exceeds 10 percent of gross domestic product
• C) when the marginal costs from additional government spending exceed marginal benefits
• D) when the marginal benefits from additional government spending exceed marginal costs

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Definitions:

Class Inclusion

A concept in cognitive development referring to the ability to understand that a category can include smaller subcategories.

Subclasses

Categories that fall under a larger class, often sharing many characteristics with the class but having distinctive features.

Reversible Thinking

The ability to recognize that actions or processes can be undone, leading to the original state or condition.

Centration

A cognitive limitation in early childhood, where a child focuses on one aspect of a situation or object and ignores others.