Economic theory indicates that, the size of government will be
a. unrelated to economic growth.
b. negatively related to economic growth at all possible sizes of government.
c. positively related to economic growth at all possible sizes of government.
d. positively related to economic growth at small levels of government but is negatively related to economic growth as government becomes larger and larger.
D
You might also like to view...
________ are asymmetric information problems that act as a barrier to efficient allocation of capital
A) Asset prices B) Credit imbalances C) Financial frictions D) Financial derivatives
Total costs increase from $1,500 to $1,800 when a firm increases output from 40 to 50 units. Which of the following are true?
a. VC rise by $1,800 b. VC rise by $0 c. VC rise by $300 d. VC rise by $1,500
The SMarT program is designed to overcome which common barrier to saving?
A. Status-quo bias B. An unwillingness to forgo current consumption C. The program was designed to overcome both A and B. D. The program was designed to overcome neither A nor B.
The M1 definition of the money supply includes:
a. coins and currency in circulation. b. coins and currency in circulation and checkable deposits. c. Federal Reserve notes, gold certificates, and checkable deposits. d. Federal Reserve notes and bank loans.