Author Question: If the U.S. government can run chronic budget deficits, why can't state governments do the same? ... (Read 59 times)

jjjetplane · **on:** Jun 29, 2018

If the U.S. government can run chronic budget deficits, why can't state governments do the same?

A) Conservatives have more power in state legislatures than in the U.S. Congress.
B) Voters do not believe in budget deficits and they control state governments.
C) Most states have no income tax.
D) State constitutions require balanced budgets.
E) States must rely on taxation for the funds to repay creditors.

Question 2

Which supports the economist's claim that buyers don't compete against sellers?

A) Diners would rather have more restaurants to choose among.
B) Music buyers prefer having access to internet music stores compared to only the local music shop in town.
C) Car buyers prefer several dealerships in the region compared to only one.
D) Homebuyers prefer a larger selection of homes to a smaller one.
E) All of the above.