Compared with the U.S., developing countries
a. face geographic conditions that limit productivity.
b. have universal health care that prevent the spread of diseases.
c. more political stability.
d. higher levels of educational attainment.
a
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According to William Niskanen's model of bureaucracy, bureaus tend to be overfunded because
a. it is difficult for Congress to determine the shape of a bureau's supply curve. b. it is difficult for Congress to determine the shape of a bureau's demand curve. c. Congressional leaders believe that deficit spending leads to economic growth. d. Congressional leaders believe that government employees are underpaid.
Which of the following accounts for a movement along a given AD curve?
a. The substitution effect b. The tax rate effect c. The real-balance effect d. The foreign aid effect e. The government spending effect