Why does the saying "No taxation without representation" make sense for public goods but not private goods? Explain the mechanisms by which individuals can "protest" against
(a) Taxes that are thought excessive to pay for defense spending,
(b) Tolls that are thought excessive to pay for a bridge, and
(c) Prices that are thought excessive for an airline flight from New York to Miami.

Transcribed Image Text:

Ma jor Expenditure Categories for Federal Government Federal spending, 2009 (, billion) Budget category Health care National def ense Social security Income security Natural resources and environment International affairs 713 675 649 401 36 38