Multiple Choice
Which key principle in economics best explains crowding out?
A) the principle of diminishing returns
B) the principle of opportunity cost
C) the principle of voluntary exchange
D) the marginal principle
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q69: Suppose that the economy is currently at
Q70: The crowding in effect explains how a
Q71: What is meant by full- employment output?
Q73: A tax on labor results in a
Q75: An increase in the capital stock:<br>A) can
Q76: List two things that can lead to
Q77: Empirical evidence suggests that the labor supply
Q78: What happens to the equilibrium wage rate
Q79: Recall Application 2, "A Nobel Laureate Explains
Q198: Labor supply curves are always upward sloping.