Prior to 1921, the President _____ the budget process. a. ...

[madam-professor]

Prior to 1921, the President _____ the budget process.
 
  a. played a significant role in
  b. played a minor role in
  c. played no direct role in
   d. determined the nature of

Question 2

A market failure occurs when
 
  A) price equals marginal cost.
  B) there is a non-optimal allocation that leads to an inefficient market.
  C) deadweight loss is maximized.
  D) a firm shuts down.

[kjohnson]

Answer to Question 1

c

Answer to Question 2

B