According to Professor Baotai Wang who examined the crowding out phenomenon in Canada between 1961-2000, which of the following categories of government expenditures is most likely to lead to crowding out?
A) expenditures for health and education
B) expenditures for infrastructure and capital
C) expenditures for the protection of persons and property, including defense spending
D) expenditures for government and social services
Correct Answer:
Verified
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