Multiple Choice
The downward-sloping line in the diagram below shows the combinations of health care and education expenditures that the government can afford with a given amount of tax revenue. FIGURE 1-6 Refer to Figure 1-6.Suppose the government's current spending is shown by point D.In this case,
A) the government is not spending its total available budget for these two items.
B) more education expenditures can be achieved only by sacrificing some existing health expenditures.
C) more health expenditures can be achieved only by sacrificing some existing education expenditures.
D) the government is spending more than its total budget.
E) the prices of education and health care have increased beyond the government's ability to pay.
Correct Answer:

Verified
Correct Answer:
Verified
Q113: The downward-sloping line in the diagram below
Q114: The table below illustrates that,in one day,Tristan
Q115: Katie and Hugh are producing pies and
Q116: Which of the following represents a typical
Q117: An important insight by Adam Smith,which was
Q119: Comparison of economic systems indicates that<br>A)most nations
Q120: The barter system of exchange is inefficient
Q121: Suppose there are only two goods produced
Q122: With a budget of $500 000,a school
Q123: The diagram below shows two production possibilities