Web Question 9.1 Click on the this link http://w3.access.gpo.gov/usbudget/fy2003/pdf/hist.pdf Go to “Government Outlays by
Function” Note the progression of spending on
various types of government operations through time. Note that the tables
present data in actual dollar terms, in percentages of outlays and as a
percentage of GDP. Which of these measures is most valid in your mind in
measuring the importance of this area of government spending in American life?. Web Question 9.2Click on this link http://www.unicef.org/sowc96/8mlitary.htm Read the article and consider this
use of “opportunity cost” in government spending. Is this a good application of
the concept? Why might the conclusion of the article be subject to the
“correlation and causation” fallacy from Chapter 1? |