Crowding Out Can Only Exist--According to Liberals--When the Economy Is

question 19

True/False

Crowding out can only exist--according to Liberals--when the economy is at full employment, and all productive resources are being utilized.

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Definitions:

Social Innovation

The process of developing and implementing effective solutions to challenging and often systemic social and environmental issues in support of social progress.

Society's Limited Resources

The concept that resources such as time, money, and raw materials are finite and must be allocated wisely to meet the needs and wants of a society.

Entrepreneur

An individual who initiates, manages, and assumes the risks of a business venture in pursuit of profit and innovation.

Efficiency

The ability to accomplish a task or produce a desired outcome with minimum waste of time, effort, or resources.