The net benefit of a particular alternative equals:
A) the benefits received from the alternative plus the costs incurred in choosing the alternative.
B) the benefits received from the alternative divided by the costs incurred in choosing the alternative.
C) the costs incurred in choosing the alternative divided by the benefits received from the alternative.
D) the benefits received from the alternative minus the costs incurred in choosing the alternative.
D
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Discuss why a budget deficit results in a different real interest rate under the Ricardo-Barro effect than under the crowding-out effect
What will be an ideal response?
Intermediate inputs are
A) goods used for household consumption only. B) goods used for government consumption only. C) goods purchased by one business from another to use in production. D) raw materials used in the production process.