Author Question: The shift toward greater support for markets from the 1970s through the 1990s resulted in: a. ... (Read 31 times)

mynx · **on:** Jul 8, 2018

The shift toward greater support for markets from the 1970s

through the 1990s resulted in:
a. significant declines in the level of state activity.
b. significant contractions in the size of state budgets.
c. significant reductions in welfare states.
d. new types of regulations that encouraged competition.

Question 2

One way of testing the hypothesis that high welfare state spending

caused slow economic growth in European countries in the 1970s would be to:
a. use average total welfare spending in each country in the 1970s as the independent variable and average GDP growth rates as the dependent variable.
b. use average GDP growth rates in the 1970s as the independent variable and average welfare spending as a percentage of GDP as the dependent variable.
c. use average GDP growth rates in the 1970s as the independent variable and total welfare spending in each country as the dependent variable.
d. use average welfare spending in the 1970s as a percentage of GDP as the independent variable and average GDP growth rates as the dependent variable.