Real (adjusted for inflation) federal spending per person in the United States
a. has increased by approximately 10 percent per decade during the last 225 years.
b. increased more rapidly during the nineteenth century than during the twentieth century.
c. in 2012 was approximately 80 times the level of 1916.
d. increased rapidly during the first half of the twentieth century but has changed very little since 1950.
C
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Why does a nation experience increasing opportunity cost?
A) As the nation moves from a production point within the PPF to one on the PPF, opportunity costs increase. B) As the nation moves from a production point within the PPF to another point also within the PPF, opportunity costs increase. C) When the amount of resources increases, the opportunity cost of all goods and services increases. D) Resources are not equally productive in producing different kinds of goods and services. E) Because the nation cannot produce at the unattainable production points that lie beyond the PPF.
Why is the debate between the international dependence and the neoclassical counter-revolution schools referred to as "finger pointing?"
What will be an ideal response?