question 1. When political officials are elected democratically, can they be counted on to pursue policies that promote the general welfare of the populace?

2. What is the special interest effect? What does it imply about the efficiency of how goods and services will be allocated through the political process?

3. Visit the Federal Reserve Bank of St. Louis FRED Database ( http://research.stlouisfed.org/fred2/series/FYFSD ).  Locate the latest budget figure available. What is it in millions of dollars? What does this figure indicate about government revenues and expenditures?

*Please answer these questions above in your own words but via reference the ebook I sent you