Using Marginal Analysis, an Economist Would Judge the Proper Size

question 75

Multiple Choice

Using marginal analysis, an economist would judge the proper size of government by comparing

• A)whether the last dollar spent on one program would have been better spent on another.
• B)whether the last dollar spent would have been better left in private hands.
• C)whether the last dollar spent garnered any value to society.
• D)the amount spent with the amount spent in the previous year.

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Definitions:

Conditional Privilege

A legal exemption that allows an individual to make statements that might otherwise be considered defamatory if made in certain conditions or with specific motives aimed at serving the public interest.

Detained

Held or kept in custody, often by authorities for legal or security reasons.

Intentional Tort

A wrongful act, done with the intent to cause harm to another, that results in injury or damage.

Reasonable Care

The standard of care that a prudent person would use in similar circumstances, often referenced in negligence cases.