2. SomeoneI forgot whoonce wrote that "Economics is the science

of competing preferences." Critique/explain that argument!

3. "California obviously has a goal of increasing the homeless

population in the State. Otherwise they would not subsidize it so

heavily." Critique!

4. At a rate of ten dollars per second, it would take more than 74

thousand years to pay of the U.S. public debtassuming we balanced

the national budget this very second and never borrowed another cent.

Should we pay off the public debt? Explain

thinking like an economist