Macroeconomic Word Scramble
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| Question | Answer |
| Wasteful Spending | Government, Business, Individual |
| Wrong mix of good & services | spending money in the wrong area |
| How does the gov't decide? | benefit/cost analysis, put the dollar on benefit & cost 1. ballot box 2. public choice theory 3. controlling aspects of economy not needing control |
| Ballot box | Indirect - elect representative who decide. Direct - millage election (low voter turn out, close election) |
| Public Choice Theory | person making decision act in their own self-interest -politician - spending money in my district -buredacracts |
| Controlling aspects of economy not needing control | force behavior: helmet laws, zoning law, pay day load (loan without credit) |
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