Which of the following refers to a shift in government spending from the country's infrastructure to education and health care?
a. Capital shallowing
b. Expropriation
c. Liberalization
d. Investment diversion
e. Import substitution
d
You might also like to view...
The difference between economic profit and accountant’s definition of profit is that an economist’s total cost counts the ____ of inputs.
A. absolute value B. overheads C. opportunity cost D. gross cost
Which of the following will be included in the current year's gross domestic product (GDP)?
a. The sale price of equipment produced last year but sold this year b. The money spent by Kate on the purchase of new furniture c. The money spent by Barney on the purchase of his uncle's house d. The sale price of the stock purchased by John e. The opportunity cost of the time spent by Bruno cooking lunch for his neighbor
If expectations about the future don't change at all, then an economic downturn will generally:
A. decrease savings at a given interest rate and shift the supply curve for loanable funds to the left. B. increase savings at a given interest rate and shift the supply curve for loanable funds to the left. C. decrease savings at a given interest rate and shift the supply curve for loanable funds to the right. D. increase savings at a given interest rate and shift the supply curve for loanable funds to the right.
From 1973 to 1995, productivity of labor in the U.S
a. declined because of reduced capital formation. b. declined because of slower technological improvement. c. increased because of expanded technological improvement. d. increased because of expanded technological improvement.