Pros include the following: They are an efficient method to make such expenditures; no separate bureaucracy is required to administer them; and 2.

A. Pros include the following: 1. They are an efficient method to make such expenditures; no separate bureaucracy is required to administer them; and 2. They allow the market to make the choice rather than reserving it to some government official”s judgment. B. Cons include the following: 1. They are concealed from scrutiny; 2. They do not go through the budget process; and 3. Costs are impossible to determine. IV. WHAT SHOULD BE TAXED?

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