When Does Market Interaction Fail to Achieve Efficiency? O Projective techniques O b. Normative economics c. Positive economics O d. Monopolistic Power Statement 1: Political theorists of the 19th century called the willing submission of individuals to the authority of government the social compact. Statement 2: The aging of the population has no impact on public finance and government budgets a. Both the statement is correct b. Only statement is correct Only statement 2 is correct ed Both statements are false Public finance is the field of economics that studies government activities and alternative means of financing government expenditures. Select one: True False