Government spending does not reallocate resources away from private uses when the economy is at full employment

Indicate whether the statement is true or false

F

Economics

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Economists assume that most people a. act purposefully

b. make decision with some expected outcome in mind. c. make choices that are not random and chaotic. d. all of the above.

Economics

As a result of advances in productivity, farmers can produce more at a lower cost. The effect of these changes has been to:

A. increase the demand for farm output. B. increase profits for farmers as a group. C. reduce total revenue for farmers as a group. D. increase total revenue for farmers as a group.

Economics