The crowding-out effect can be:
a. zero.
b. partial.
c. complete.
d. any of these.
d
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A country imported goods and services worth $10 billion and exported goods and services worth $11.1 billion during a particular year. This implies that the country experienced a ________ during that year
A) trade surplus B) budget surplus C) budget deficit D) trade deficit
Fresno County, California is the largest agricultural producing county in the country and almonds are an important crop with more than 99,000 acres harvested. Each acre produces about a ton of almonds and sold at a price of $4300 a ton
The Sagardia Brothers grew 600 acres of almonds. What would happen if the Sagardia Brothers priced their almonds at $4500 a ton? A) Profits will be higher than when they sell them at the lower price. B) The quantity sold will be higher. C) They will not sell any almonds. D) They will sell fewer almonds, but profits will be higher.
Does the presence of asymmetric information necessarily imply that governments should intervene in a market?
What will be an ideal response?
Which of the following statements is not correct?
a. All states have state income taxes, but the percentages vary widely. b. Sales taxes and property taxes are important revenue sources for state and local governments. c. Medicare spending has increased because the percentage of the population that is elderly and the cost of healthcare have both increased. d. A budget deficit occurs when government spending exceeds government receipts.