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True or False (1) Economic theory is a useful starting point for analyzing the impact of government policy because it provides a framework for thinking

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True or False (1) Economic theory is a useful starting point for analyzing the impact of government policy because it provides a framework for thinking about the factors that might influence the behavior of interest. (2) Public goods are not only necessarily provided by the public sectors, but produced by the public sectors. (3) In general, zero pollution is not socially desirable. _(4) Majority voting can lead to consistent decisions regarding public goods even if some people's preferences are not single peaked. (5) Market prices serves well if there is no strong reason to believe they depart from social marginal costs. (6) Fully funded is a kind of pension system in which an individual's benefits are paid out of deposits that have been made during his or her working life, plus accumulated interest. (1) means-tested is a spending program whose benefits flow only to those whose financial resources fall below a certain level. (8) Lump sum taxes do not distort behavior, so they are attractive as policy tools. (9) The choice between debt and taxes is one of the most fundamental questions in the field of public finance, one must compare the excess burdens of tax and debt finance. (10) Grants may be either conditional or unconditional. Each type of grant embodies different incentives for local governments

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