Answer:
Which of the following would be the best
example of a “technological miracle” achieved
during the Second World War?
Answer:
True
Explanation:
The answer is the first option or "true." This subscription library was known as the first successful lending library, because it allowed people to use books and return them and subscription libraries are still used today! This subscription library highly raised the popularity of reading in the United States and was founded in 1731.
Hope this helps.
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.
