Author Question: The benefits foregone by investing in the military as opposed to more economically productive or ... (Read 19 times)

cnetterville · **on:** Sep 3, 2018

The benefits foregone by investing in the military as opposed to more economically productive or socially beneficial pursuits is known as

a. opportunity costs. c. defense-welfare tradeoff.
b. military Keynesianism. d. arms races.

Question 2

Which of the following best describes the difference between Obama and Bush in his handling of the foreign economic policy bureaucracy?

a. Decreased reliance on the NEC
b. Closer and overt relationship the Fed Chair Ben Bernanke
c. Obama's promoting of non-intervention in the U.S. economy
d. Obama's exerting a proactive process role