Author Question: The three possible sources of government funding include A) explicit fees, taxes, and borrowing. ... (Read 55 times)

jwb375 · **on:** Jun 29, 2018

The three possible sources of government funding include

A) explicit fees, taxes, and borrowing.
B) international income, personal income taxes, and export taxes.
C) foreign aid, revenues, and implicit fees.
D) None of the above are correct.

Question 2

In the above figure, market equilibrium at point E yields the quantity X. The quantity is the socially optimal quantity. Point E indicates that currently there is

A) a negative externality.
B) a positive externality.
C) a public good.
D) a positive externality with subsidy.