Answer:
Large budget deficits may reduce private investment, thereby stifling economic growth.
Explanation:
Crowding out is a term that describes the situation that occurs when the increase in involvement of the government in a particular sector of the market economy, has a direct effect on the remaining market, either on the demand or supply side of the market.
Therefore, crowding out effects which can be caused as a result of government financing large budget deficit, thereby, making them to be involved on a particular sector of the economy, will result to government needing more capital, hence encouraging savings, through increased in interest rate, or selling of bonds and treasury bills with attractive returns, which will leads to reduction in private investment spending, such that it affects negatively the increase in inital total investment.
The bystander effect is a social psychological phenomenon in which individuals are less likely to offer help to a victim when other people are present this. This can result in death..
Its 1. Creating the international cooperation.
Its true
It will never bring development because you will never have an agreement. You need to have the same purpose so you can work together and have some progress. But it can also be wrong because what if you have two teams working on different projects? Your teams have a disagreement, but both are developing different solutions to the same problem. Still developing but with a different idea. It all depends on your perspective.
Georgia was the last colony to be established. It was formed as a debtor colony since there was an overcrowding of debtors in England, they moved to Georgia to work off their debt. This system to work off your debt was James Oglethorpe's idea and it failed.
