In a democratic setting, debt financing is attractive to elected political officials because
a. it makes it possible for them to spend on current projects favored by their constituents without having to levy current taxes.
b. it drives up interest rates, which encourages saving.
c. it leads to higher taxes in the future, which will tend to slow economic growth.
d. it makes the cost of government more visible, which will help voters allocate government spending more efficiently.
A
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Barriers to entering an industry ________.
A. encourage allocative efficiency B. are characteristic of a pure monopoly C. encourage productive efficiency D. apply only to pure monopolies
Collusion results when a group of firms
i. act separately to limit output, lower prices, and decrease economic profits. ii. act together to limit output, raise prices, and increase economic profits. iii. in the United States legally fix prices. A) i only B) ii only C) iii only D) i and iii E) ii and iii
What does empirical research suggest about the existence of pollution havens?
What will be an ideal response?
The greater the social immobility is within a country, the greater the chance that human talent and skills will not go to waste
Indicate whether the statement is true or false