Review Test Submission: Quiz 2 Course Public Finance Test Quiz 2 Instructions
This quiz consist of 30 multiple choice questions. The first 15 questions cover the material in Chapter 2. The second 15 questions cover the material in Chapter 3. Be sure you are in the correct Chapter when you take the quiz. Question 1 Which of the following is a normative statement? Answer Correct Answer: To achieve efficiency, governments should prevent monopoly in markets. Question 2 If a government desires to increase production beyond the current competitively determined efficient level, the government should: Answer Selected Answer: subsidize the good at a price higher than its current price. Correct Answer: subsidize the good at a price higher than its current price.

Question 3 If the...