In the long run, most economists agree that a permanent increase in government spending leads to ________ crowding out of private spending

After 1616, Virginia shifted more and more scarce resources out of food production and into tobacco production. Hence, the economic cost of tobacco production included the sacrifice of food production

Indicate whether the statement is true or false

Government rules and regulations can affect

A) market prices. B) the strategy of business. C) the costs of factors of production. D) all of these choices.