Which of the following is included in government purchases?
a. Government purchases of investment goods.
b. Transfer payments
c. Government spending on services.
d. both (a) and (c)
d
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Provide a concise statement on the relationship between multinational corporation investment and economic activity in developing countries with respect to: a
the three gaps, (b) comparative advantage, (c) the debt crisis, (d) scale economies, and (e) pattern of consumption.
A monetized debt prompts:
A. a contractionary monetary policy. B. an expansionary tax base. C. an inflationary tax. D. a contractionary fiscal policy.
Common property is
A. a resource that everyone is free to use as much as they want. B. generic property as opposed to specific property. C. property owned by a group such as a club or a church. D. property that belongs to both spouses in a marriage.
Which of the following would cause both the equilibrium price and equilibrium quantity of oysters (assume that oysters are a normal good) to decrease?
A) an oil spill that sharply reduces oyster output B) a decrease in consumer income C) a technological advancement in the production of oysters D) an increase in consumer income