Answer:
4
Explanation:
4) go shopping for new clothes. you choose to get an hour of exercise. based on this what is the opportunity cost of your choice
There are different kinds of theory. The principles that Adam Smith believe essential to the survival of an economy is the freedom to land and hold on to business profits.
<h3>What kinds of freedom did Adam Smith believe were vital to the survival of any economy? </h3>
Adam Smith was known to believe that the making of more resources available to all can make us to be more wealthier.
He believed freedom was important, such as the freedom to own land or property and hold on to the profits. He believed that people will participate in working very well, if they are given reward.
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Answer: D. increases in government purchases.
Explanation:
Crowding out may occur simply due to expansionary fiscal policy that is, a situation wherby the government wants to increase the money in circulation and also increase its expenditure. This can lead to the government borrowing funds.
Crowding out may occur when fiscal policy involves increases in government purchases. This borrowing in turn, affects the money that will be available to the private investors as there'll be lesser funds for them.
