Crowding-Out Is

question 100

Multiple Choice

Crowding-out is:

• A) the first time a corporation sells stock to the public in order to raise capital.
• B) a sophisticated IOU that documents who owes how much and when payment must be made.
• C) something of value that by agreement becomes the property of the lender if the borrower defaults.
• D) the decrease in private consumption and investment that occurs when government borrows more.

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Definitions:

Formal Institution

An establishment founded on established laws and organized principles, playing a critical role in society, such as governmental bodies, educational institutions, and corporations.

Culture

The collective beliefs, behaviors, objects, and other characteristics common to the members of a particular group or society.

Ethnocentrism

is the belief in the inherent superiority of one's own ethnic group or culture, often leading to prejudice and discrimination against others.

Perspective

A particular attitude towards or way of regarding something; a point of view.