"The distribution of income should be left to the market" is an example of a positive economic statement

Household spending on goods and services is known as

A) consumption spending. B) government purchases. C) net exports. D) planned investment spending.

Which of the following is a false statement about education in the HPAE?

A) An emphasis on state funding of advanced degree programs, such as engineering and computer science, increased manufacturing production significantly. B) Literacy rates rose dramatically in the HPAE and laid a foundation for a skilled labor force. C) As the average educational level rose, workers could take on more technological, sophisticated production, pushing new investment into product lines. D) Spending was focused on the primary and secondary level, where it has the greatest social impact.