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What do you think of the statement 'There is only so much money to go around'? Presently, the public wants better health care, better highways, better schools, and stronger national defense as it feels that it pays adequate taxes to receive all these services. Each year, our political leaders at local, state, and national levels struggle with decisions on how to spend the revenues from taxes. describe how does the budget process for the government resemble a production possibility curve and trade-offs? Specifically, consider the trade-off between spending on the health care programs versus spending on the military. Are there rising opportunity costs of spending more on health care than on the military? If so, prepare down some of the opportunity costs in both short run and long run? If health care services are entirely given by the government, are the property rights of any group violated or harmed?

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