Which is true?
a. strong property laws encourage property owners to start businesses
b. corrupt legal systems discourage economic growth
c. a strong financial system allows those with entrepreneurial ideas access to funding
d. all
Ans: d. all
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The imposition of a tariff will typically ________ government revenue and ________ domestic production of the good
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease E) increase; not change
The leakage and injections approach implies that deficit spending by the government must be financed by
A) private investment less private savings plus net exports. B) private saving less private investment plus net exports. C) the trade deficit must always offset the government deficit. D) B and C.