The Constitution:
a. empowers each state to negotiate its own treaties with foreign governments.
b. empowers the Congress to pay off all public debts, including those incurred by the states.
c. allows for states to set tariffs on goods imported from another state.
d. allows only the Congress to set tariffs on goods moving from one state to another.
b. empowers the Congress to pay off all public debts, including those incurred by the states.
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According to Professor Baotai Wang who examined the crowding out phenomenon inCanada between 1961-2000, as discussed in the Case in Point, government expenditures for health and education
A) increased human capital and encouraged private sector investment, leading to crowding in. B) did not increase the rate of return on private investment and therefore led to crowding out. C) increased human capital and generated strong supply-side effects. D) led to only small increases in human capital.
When a country has a large amount of dead capital
A) there is too much political freedom. B) there is a large amount of economic growth. C) large amounts of capital will be inefficiently employed. D) a country's exports increase.