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Although __________ Determine(s) What We Are Capable of Doing, __________

question 16

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Although __________ determine(s) what we are capable of doing, __________ determine(s) what we actually do.​


Definitions:

Government Bonds

Securities issued by a government to raise funds from the public to finance its expenditure.

Government Spending Crowding Out

A situation where increased government spending leads to a reduction in private sector spending, either because of higher interest rates or because funds available for private investments are used for government projects.

Opportunity Cost

is the benefit that is missed or given up when choosing one alternative over another.

Private Investment

The expenditure on capital goods by private sector firms or individuals to increase their productive capacity.

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