To promote long-term economic growth, national governments should:
a. Increase government spending and reduce taxes.
b. Reduce government spending and increase taxes.
c. Establish fair rules of behavior and provide the means to enforce them.
d. Promote research and development with federal funds.
e. Impose tariffs and quotas until the nation is on its feet.
.C
Economics
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The opportunity cost of more capital goods today is
A) fewer capital goods in the future. B) fewer consumer goods in the future. C) fewer consumer goods today. D) more unemployed resources in the future.
Economics
When demand for a product is very inelastic, the burden of a tax falls mainly on
a. producers. b. consumers. c. tax collectors. d. people who drop out of the market.
Economics