What is crowding out?
a. when government borrowing uses up financial capital leaving more for private investors
b. when government borrowing leaves more financial capital for private investors
c. when government borrowing uses up financial capital leaving less for private investors
d. when government borrowing leaves less financial capital and private investors borrow more
c. when government borrowing uses up financial capital leaving less for private investors
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In a world lacking property rights, it would be ________ to realize the gains from trade and there would be ________ specialization
A) easier; less B) easier; more C) harder; less D) harder; more
Deadweight loss
What will be an ideal response?
Suppose the production function is given by Q = K1/2L1/2, and that Q = 30 and K = 25. How much labor is employed by the firm?
A. 6 B. 36 C. 25 D. 49
Which of the following government agencies enforces social regulation?
A. Environmental Protection Agency B. Federal Reserve C. Federal Deposit Insurance Corporation D. Securities and Exchange Commission