Economic efficiency entails getting the smallest amount of output from a given level of input of scarce resources.

Most international investment finance today comes from

A) portfolio and foreign direct investment. B) tax collections. C) government financing. D) the sale of antiques.

According to the Keynesian view, which of the following would most likely stimulate real output if an economy were in a recession?

a. a decrease in tax rates b. an increase in tax rates c. a reduction in government expenditures d. a budget surplus