Education would be considered investments in:
a. physical capital
b. financial capital
c. human capital
d. all of the above
c
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The response of investment spending to an increase in the government budget deficit is called
A) private dissaving. B) expansionary investment. C) income minus net taxes. D) crowding out. Figure 21-5
Suppose that you desperately need a grade of "A" from your International Finance course and further suppose that it depends upon the grade that you will get from the term paper that you write on PPP
Let's assume that you know that your teacher believes that PPP holds anytime anywhere. What kind of evidence would you submit that would indicate that PPP holds? In other words, what kind of countries and data would you choose for your analysis to bias the empirical results regarding PPP?