Which of the following is most likely to be common property?
A) lawn in a privately owned golf club
B) farm raised catfish in Alabama
C) tuna in the Pacific Ocean
D) cattle in a Texas ranch
Answer: C
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Supply-siders argue that:
a. reductions in government spending cut infrastructure investment which hurts private sector investment. b. increases in government spending increase infrastructure investment which helps private sector investment. c. increases in government spending causes private sector investment to fall because the government pushes up interest rates. d. reductions in government spending cause private sector investment to fall because the government pushes up interest rates by borrowing. e. increases in government spending causes consumption spending to fall because the government purchases push up interest rates.
Refer to the information. If the real interest rate is 20 percent, the equilibrium GDP will be:
Answer the question below on the basis of the following information for a private closed economy:
A. $100.
B. $200.
C. $300.
D. $400.