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how to answer 36. As you consider how local governments finance their spending. which of the following is the best choice? A. Property taxes are

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36. As you consider how local governments finance their spending. which of the following is the best choice? A. Property taxes are the major source of revenue and most expenditures are for hospitals and health services. B. The corporate income tax is the major source of revenue and natural resource development is the major type of expenditure. C. Property taxes are the basic source of revenue and education is the major type of expenditure. D. Sales and excise taxes are the major source of revenue and highway construction and maintenance is the major type of expenditures. 37. Which of the following is an example of a public good? A. bubblegum B. bread C. a professional baseball game D. direction signs and speed limit signs on highways 37A. Explain your answer to Question 37. 38. If an economy decides to support "protectionist" measures for trade, what would be the end goal(s) of that economy? What are the usual forms of "protectionist" trade? 39. Why might an economist or policy maker consider free trade agreements anything but free trade? 40. Refer to the diagram following the question: 40A. If (C+lg) are the private expenditures in the closed economy and Xn2 are the net exports in the open economy: A. Exports are negative. B. Net Exports (Xn) are positive. C. Net Exports (Xn) are negative D. Exports are positive. 40B. The Y axis measures: 40C. The X axis measures; Cty+ Xml

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