Of the three levels of government in the United States,
A) only the federal government provides public goods
B) only the federal government has the power to tax
C) local governments are primarily responsible for primary and secondary education
D) the federal government is primarily responsible for higher education
E) state governments are primarily responsible for economic stability
Correct Answer:
Verified
Q121: Which of the following is not a
Q122: Goods and services produced by the government
Q123: Gross Domestic Product is the market value
Q124: Most economists assume that the goal of
Q125: Market activity differs from government activity because
A)markets
Q127: An example of a positive externality is
A)pollution
Q128: Which of the following is not a
Q129: The difference between fiscal policy and monetary
Q130: When the social cost of production is
Q131: When the government sells something it produces,
A)revenue
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