Political freedom can sometimes moderately reduce economic growth because
A) campaign contributions rob the economy of investment.
B) special interest groups may gain at the expense of the overall economy.
C) most jobs are in unions that are politically connected.
D) none of the above.
B
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In monopolistic competition, in the short run a firm maximizes its profit by selecting an output at which marginal cost equals
A) average total cost. B) marginal revenue. C) price. D) zero.
The achievement of greater efficiency in the United States has been at the expense of growing inequality
a. True b. False Indicate whether the statement is true or false
The tax multiplier is the number that, when multiplied by the
A) budget deficit, gives us the change in total spending. B) budget deficit, gives us the change in the public debt. C) change in taxes, gives us the change in total spending. D) change in government spending, gives us the change in total spending.
Falling output, in the short run, could be due to:
A. an increase in short-run aggregate supply. B. a reduction in aggregate demand. C. an increase in long-run aggregate supply. D. an increase in aggregate demand.