The important debate about the appropriate balance between the public and private sectors
A)has been solved in Canada.
B)is largely about the marginal benefits of public spending versus the marginal benefits of private spending,received for the last dollar spent.
C)was solved by John Kenneth Galbraith in his book The Affluent Society.
D)was solved by James Buchanan,a Nobel laureate.
E)should be decided by economists because they know the right balance.

Question

Quizplus · Accepted Answer

The appropriate balance between the public and private sectors is an ongoing debate, particularly about the marginal benefits of public versus private spending for the last dollar spent. While experts like Galbraith and Buchanan have contributed to the discussion, it remains unresolved, and the right balance may vary depending on specific contexts and policies. Therefore, option B is the most accurate answer. Option A is incorrect since the problem is ongoing, and there is no unified solution in Canada or anywhere else. Option C and E are both incorrect since there is no one-size-fits-all solution, and no single authority can dictate the right balance in all cases.

The Important Debate About the Appropriate Balance Between the Public