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Author Question: If a nation's level of military expenditures is just below the optimal level _____. a. the ... (Read 107 times)

luvbio

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on: Jul 1, 2018
If a nation's level of military expenditures is just below the optimal level _____.
 
  a. the nation's borders will be unprotected
  b. the nation will not be protecting its interests abroad
  c. the nation will not be projecting economic force
   d. it is unclear what the marginal cost will be

Question 2

The dollar value of the maximum amount one can consume over a given period without reducing the value of one's wealth is the _____.
 
  a. definition of income used to approximate in-kind benefits
  b. Fisher definition of income
  c. Laffer definition of income
   d. Haig-Simons definition of income


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tennis14576

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

d


luvbio

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

kswal303

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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