Because individuals can move from one government jurisdiction to another, _____
a. governments tend to cooperate with one another
b. governments tend to look alike
c. governments tend to merge into larger governments
d. governments tend to give constituents what they want
d
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Which of the following is correct?
A. Budget lines are linear and upsloping; indifference curves are downsloping and concave to the origin. B. Budget lines are linear and downsloping; indifference curves are downsloping and concave to the origin. C. Budget lines are linear and downsloping; indifference curves are downsloping and convex to the origin. D. Budget lines are downsloping and convex to the origin; indifference curves are linear and downsloping.
When crowding out occurs in an economy, it can reduce expenditures for
A. business investments. B. both consumer purchases and business investments. C. consumer purchases. D. government purchases.