Despite the large federal deficits during the last few decades, public capital in the U.S. declined because:
a. a growing share of the federal budget goes toward income redistribution, especially for the elderly.
b. of less labor productivity
c. of increasing farm subsidies.
d. of the growing portion of the national debt owed to foreigners.
e. a growing share of the federal budget goes toward income redistribution, especially for national defense
a
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In the nonstrategic view of bargaining
a. The games are played without identifying the specific strategies b. Both the parties usually get some positive surplus c. The bargaining outcome is affected by both the parties' disagreement values d. All of the above
Drug interdiction, which reduces the supply of drugs, will likely be a less effective policy than educating consumers to reduce their demand for drugs because the drug interdiction policy will lower drug prices and reduce the quantity of drugs demanded
a. True b. False Indicate whether the statement is true or false