If citizens of a country are not saving much, it is better to
a. force citizens to save.
b. reduce investment.
c. have foreigners invest in the domestic economy than no one at all.
d. prevent opportunities for citizens to buy capital assets abroad.
c
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An increase in the price level leads to a
A) leftward shift in the demand for money curve. B) rightward shift of the supply of money curve. C) movement downward along the demand for money curve and no shift of the curve. D) movement upward along the demand for money curve and no shift of the curve. E) rightward shift in the demand for money curve.
Which of the following statements refers to rent seeking?
A) "The role of the federal government in the U.S. economy grew significantly after the Great Depression. Government spending and taxes are a much greater proportion of total income today than they were in 1929." B) "Laws passed by the federal government often provide benefits for a small number of individuals. These individuals, in turn, have an incentive to contribute to the campaigns of politicians who pass these laws." C) "The federal government should spend more money on programs that help low income citizens and less money on national defense." D) "There is an opportunity cost whenever the federal government spends tax revenue. For example, an additional $1 billion spent on national defense means there will be less revenue for highway construction and maintenance or some other program."
Which of the following can shift the labor demand curve to the right?
a. Decrease in product price. b. Increase in wages. c. Decrease in wages. d. Decrease in the MP. e. Increase in productivity.
The budget deficit is the amount by which a government's expenditures exceed its receipts
a. True b. False Indicate whether the statement is true or false