The crowding-out effect refers to:
a. higher interest rates and reduced private spending that results from financing federal budget deficits.
b. higher future taxes accompanying budget deficits to reduce private consumption.
c. the inflation rate to rise when the unemployment rate is low.
d. increases in private savings to reduce interest rates and, thereby, crowd-out government
a
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To be useful, a resource must be renewable
Indicate whether the statement is true or false
Monetary and price instability will
a. make it easier for both individuals and businesses to plan wisely for the future. b. generate uncertainty, and encourage investors and businesses to move their activities to countries with a more stable monetary environment. c. encourage businesses to invest and expand their future output. d. encourage domestic citizens to increase their rate of saving.
If you were going to spend time in Great Britain, you would be paying for goods and services with
A. pounds. B. dollars. C. euros. D. gold.
Which good(s) does Denmark have an absolute advantage producing?
A. ham but not eggs. B. both eggs and ham. C. neither ham nor eggs. D. eggs but not ham.