Author Question: The primary problem with entitlements, from a budgetary perspective, is that _____. a. ... (Read 78 times)

Capo

  • Hero Member
  • *****
  • Posts: 545
The primary problem with entitlements, from a budgetary perspective, is that _____.
 
  a. expenditures are much harder to control than for non-entitlements
  b. they add to the uncertainty of the budgetary process because it is difficult to predict how many individuals will be eligible
  c. it is impossible to control spending on entitlements once created
  d. a and b
   e. all of the above

Question 2

Max has allocated 100 toward meats for his barbecue. His budget line and indifference map are shown in the above figure. If Max is currently at point e,
 
  A) his MRS is less than the trade-off offered by the market.
  B) he is willing to give up more burger than he has to, given market prices.
  C) he is not maximizing his utility.
  D) All of the above.



Benayers

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

d

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

For a complete list of videos, visit our video library