An opportunity cost that occurs because of increased government spending is
A. Congressional disagreements.
B. An increase in private sector investment.
C. The crowding out of private sector output.
D. The crowding in of public sector investment.
Answer: C
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If a curve rises and then falls, it has a
A) slope that is negative and then positive. B) minimum. C) linear relationshi
If a tax shifts the demand curve downward (or to the left), we can infer that the tax was levied on
a. buyers of the good. b. sellers of the good. c. both buyers and sellers of the good. d. We cannot infer anything because the shift described is not consistent with a tax.
In finance, leverage:
A. helps explain why a crash is so damaging after a bubble bursts. B. is using borrowed money to pay for investments. C. multiplies the effect of gains and losses in financial markets. D. All of these statements are true.
Over the past two decades, total and per capita water use in the United States have:
A. both increased. B. leveled off and fallen, respectively. C. fallen and leveled off, respectively. D. increased and fallen, respectively.