The organized groups of people who favor government intervention do so at the expense of other groups because even government resources are limited

The production of capital goods, which are then used to produce consumer goods, is called

a. efficient production b. intermediation c. time preferences d. roundabout production e. derived production

If countries decide they will no longer buy U.S. assets or lend to the United States:

A. adjustments will be set in motion to equalize comparative advantages. B. the United States can begin to run a trade deficit. C. adjustments will be set in motion so that the United States has more comparative advantages. D. There is no reason foreign countries will not want to buy more U.S. assets than the United States buys of foreign assets.