According to the Equimarginal Principle,the Efficient Level of Government Expenditures

question 17

Multiple Choice

According to the equimarginal principle,the efficient level of government expenditures occurs when the benefit of the last dollar spent for each government purchase is

• A)Greater than the benefit of the last dollar spent in the private sector
• B)Less than the benefit of the last dollar spent in the private sector
• C)Equal to the benefit of the last dollar spent in the private sector
• D)Paid for out of current tax collections
• E)None of the above

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Definitions:

Heritability

A measure of how much of the variation in a trait among individuals within a population is due to genetic differences.

Extraversion

A personality trait characterized by high levels of sociability, talkativeness, and energetic behavior.

Arousal Preference

An individual's characteristic level of stimulation or excitement, influencing their engagement with the environment.

Voidable

Refers to a legal agreement or transaction that is valid and enforceable, but can be annulled or terminated by one or more of the parties involved due to certain defects or circumstances.