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Burtless and Samuelson Offer Different Perspectives on Governmental Spending on Older

question 9

Essay

Burtless and Samuelson offer different perspectives on governmental spending on older adults. Summarize their arguments and discuss which seems the most reasonable to you, and why.


Definitions:

State Tax

A financial charge or levy imposed by a state government on income, property, or sales.

Marginal Cost

The added financial burden from producing one more unit of a product or service.

Marginal Revenue

The surplus revenue earned from the sale of an extra unit of a product or service.

Profit

The earnings obtained when income from a business endeavor outstrips the total expenses, costs, and taxes necessary to maintain that endeavor.

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