Roads and education are examples of
A) government physical and human capital formation,respectively.
B) government human and physical capital formation,respectively.
C) government spending on current items.
D) government subsidies.
Correct Answer:
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Q21: Assume that the lost output due to
Q22: A decrease in the average tax rate,with
Q23: The full-employment deficit is
A)the number of jobs
Q24: Government capital consists of
A)money owned by the
Q25: The average tax rate is
A)the fraction of
Q27: Taxes distort economic behaviour because
A)they change the
Q29: All of the following are government capital
Q30: Suppose that all workers place a value
Q31: Assume that the lost output due to
Q40: The marginal tax rate is
A)the fraction of
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