Author Question: Which of the following refers to a shift in government spending from the country's infrastructure to ... (Read 63 times)

AEWBW · **on:** Jun 30, 2018

Which of the following refers to a shift in government spending from the country's infrastructure to education and health care?
a. Capital shallowing
b. Expropriation
c. Liberalization
d. Investment diversion
e. Import substitution

Question 2

Other things being equal, the more elastic demand is:
a. the lower the deadweight loss is resulting from the imposition of a particular tax on a product.
b. the greater the deadweight loss is resulting from the imposition of a particular tax on a product.
c. the greater the fraction is of the burden of the tax borne by consumers.
d. the greater the tax revenue collected by the government is.