Consider the Allocation of a Nation's Resources Between Additional Public-Sector

question 15

Multiple Choice

Consider the allocation of a nation's resources between additional public-sector spending versus additional private spending.James Buchanan argued that

• A)given the current size of government,the value of the marginal dollar spent by government is less than the value of that dollar left in the hands of households or firms.
• B)public sector spending is always subject to corruption and is therefore not as valuable as private spending.
• C)the marginal utility of an additional dollar's worth of spending on public goods is higher than an additional dollar's worth of spending on private goods.
• D)compared to public spending,private spending leads to more sustained long-run economic growth.
• E)compared to private spending,public spending leads to more sustained long-run economic growth.

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Definitions:

Experimental Results

The data and outcomes obtained from conducting scientific experiments.

Chloroplasts

Organelles found in plant cells and some algae that conduct photosynthesis, converting light energy into sugar.

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize nutrients from carbon dioxide and water, producing oxygen as a byproduct.

Stroma

Region within a chloroplast that surrounds the grana; contains enzymes involved in the synthesis of carbohydrates during the Calvin cycle of photosynthesis.