A friend says, I really, really need a new car. As an economist, ...

[Pea0909berry]

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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Answer to Question 1

B

Answer to Question 2

C