A friend says, I really, really need a new car. As an economist, you're thinking
A) Right Everyone needs a new car.
B) This is an example of how objectively undefinable needs are. Many would argue that this friend could get along just fine with a reliable used car.
C) If this friend says she needs a new car, then we must all agree that a new car is a need and not just a want.
D) that a new car can only be considered a need if at least 51 of the public agrees.
Question 2
All of the following are possible funding sources for the government EXCEPT
A) user charges.
B) taxes.
C) interest income collected from government bonds.
D) borrowing.
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