"Crowding out" will ____ expansionary fiscal policy because it results in ____

A normative economist might conclude that

a. a lottery can be conducted in several ways b. certain types of lotteries raise millions of dollars c. a lottery is a bad policy because it burdens the poor d. a lottery is good because it separates people from their money

An entrepreneur is:

a. an employee in a factory. b. the manager of a factory. c. the person who conceives and starts a business. d. the person who contracts to work for a specific price. e. the person who does not assume any risk in business.