The 2008 financial crisis peaked in September 2008, when Lehman Brothers declared bankruptcy
a. True
b. False
A
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Empirical evidence seems to suggest that in industrialized economies, government ownership has:
a. grown more rapidly than the economy has risen over time. b. has disappeared in favor of state capitalism c. has either stayed the same or fallen. d. we cannot answer because we cannot measure it e. all of the above
If a three-fourths majority of both houses of the U.S. Congress was required for approval of a spending project, economic analysis indicates that
A) inefficient government spending programs would expand. B) the political power of special-interest groups would increase. C) federal spending would increase sharply from the current level. D) the power of special interests would be diminished and federal spending reduced.