Crowding out occurs when public provision of a good substitutes for private provision.

A cooperative outcome in a situation where one nation pegs to another would be that the:

A) center country abandons its own stabilization policy in favor of the home country. B) home country absorbs the losses resulting from the stabilization policy in the center country. C) center country makes concessions, recognizing the impact on the home country, thereby sharing the pain. D) peg is temporarily abandoned.

The marginal resource cost of a resource is the additional cost of employing one additional unit of the resource

a. True b. False