In a 1953 speech, president dwight eisenhower listed some things that cost about as much as "one modern heavy-duty bomber": a modern urban school, a couple of power plants or hospitals, or 50 miles of highway. what points was he trying to make? a. using scarce resources involves trade-offs. b. the u. s. government has only so much money. c. a bomber is worth more than a power plant or hospital. d. military spending is a poor use of money. e. military spending is a poor use of money.

5. understanding marginal and average tax rates consider the economy of citronia, where citizens consume only oranges. assume that oranges are priced at $1 each. the government has devised the following tax plans: plan a • consumption up to 1,000 oranges is taxed at 50%. • consumption higher than 1,000 oranges is taxed at 20%. plan b • consumption up to 2,000 oranges is taxed at 15%. • consumption higher than 2,000 oranges is taxed at 60%. use the plan a and plan b tax schemes to complete the following table by deriving the marginal and average tax rates under each tax plan at the consumption levels of 300 oranges, 1,200 oranges, and 3,000 oranges, respectively. consumption level plan a plan b (quantity of oranges) marginal tax rate average tax rate marginal tax rate average tax rate (percent) (percent) (percent) (percent) 300 1,200 3,000 complete the following table by indicating whether each plan is a progressive tax system, a proportional tax system, or a regressive tax system. progressive proportional regressive plan a plan b