Microeconomics: Principles, Applications, and Tools (8th Edition)

by O'Sullivan, Arthur; Sheffrin, Steven; Perez, Stephen

Published by Prentice Hall

ISBN 10: 0-13294-886-9

ISBN 13: 978-0-13294-886-9

Chapter 15 - Public Goods and Public Choice - Exercises - 15.3 Public Choice and the Median Voter - Page 354: 3.2

Answer

taxes government spending

Work Step by Step

Limiting taxes and government spending is important because if it is unrestrained, it may be spent on things of limited benefit.

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