(05.06 LC) Which of the following will impede economic growth of a country?

(05.05 MC) Which of the following statements explains the effects of crowding out in an economy over the long run?

(04.01 MC)Question refers to the excerpt below.”In a free government the security for civil rights must be the same as that for religious rights. It consists in the one case in the multiplicity of interests, and in the other in the multiplicity of sects. The degree of security in both cases will depend on the number of interests and sects; and this may be presumed to depend on the extent of country and number of people comprehended under the same government. This view of the subject must particularly recommend a proper federal system to all the sincere and considerate friends of republican government, since it shows that in exact proportion as the territory of the Union may be formed into more circumscribed Confederacies, or States oppressive combinations of a majority will be facilitated: the best security, under the republican forms, for the rights of every class of citizens, will be diminished: and consequently the stability and independence of some member of the government, the only other security, must be proportionately increased. Justice is the end of government. It is the end of civil society. It ever has been and ever will be pursued until it be obtained, or until liberty be lost in the pursuit.”Source: James Madison, from The Federalist No. 51, 1788Madison’s analysis is most apparent in the early 1800s’ development of

(05.07 MC) Which of the following sets of changes would be most likely to promote economic growth?

(05.05 LC) In macroeconomics, “crowding out” is apt to have which effect on the economy in the long run?

(05.04 MC) Assume that the government of a country has $625 million in tax revenue, spent $451 million on defense, infrastructure, education, and other areas of interest, and spent $384 million on unemployment aid, food stamps, and other social security benefits. What is the government budget balance?

(01.03 MC) If Country A can produce 3 X or 6 Y with a unit of labor and Country B can produce 3 X and 3 Y with a unit of labor, which of the following statements is true?

(05.06 LC) The aggregate production function shows a positive relation between the output produced and capital used per worker. What does the slope of the production function signify?

(05.02 MC) An unemployment rate less than the natural rate of unemployment would correspond to

(01.03 MC)Question refers to the excerpt below.”All this is related by Americo, who adds that they returned to Spain and arrived at Cadiz with 222 Indian captives, where they were, according to him, very joyfully received, and where they sold all the slaves. Who will now ask whence they stole and carried off the 200 natives? This, as other things, is passed over in silence by Americo. It should be noted here by readers who know something of what belongs to right and natural justice, that although these natives are without faith, yet those with whom Americo went had neither just cause nor right to make war on the natives of those islands and to carry them off as slaves, without having received any injury from them, nor the slightest offence. Moreover, they were ignorant whether the accusations of those of the mainland against the islanders were just or unjust. What report, or what love would be spread about and sown among the natives, touching those Christians, when they left them wounded and desolate?”Source: The Letters of Amerigo Vespucci and Other Documents Illustrative of His Career, c.1500In what way does the excerpt predict the development of the encomienda system in New Spain?