There is no difference between government expenditures or outlays and government purchases or spending

Certain countries remain backward because they nurture superstition and are suspicious of new technology. This argument is based on the:

A) geography hypothesis. B) location hypothesis. C) culture hypothesis. D) capital hypothesis.

Refer to the diagrams for two separate product markets. Assume that society's optimal level of output in each market is Q 0 and that government purposely shifts the market supply curve from S to S 1 in diagram (a) on the left and from S to S 2 in

diagram (b) on the right. The shift of the supply curve from S to S 2 in diagram (b) might be caused by a per-unit:



A. subsidy paid to the producers of this product.
B. tax on the producers of this product.
C. subsidy paid to the buyers of this product.
D. tax on the buyers of this product.