Crowding Out Occurs When

question 151

Multiple Choice

Crowding out occurs when

• A)increased taxes force higher levels of national saving.
• B)deficit spending by the government forces private investment spending to contract.
• C)local businesses cannot get government contracts because of the higher bids of large corporations.
• D)foreign investors are willing to pay higher prices for U.S.bonds than American citizens will pay.

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Definitions:

Scheduled Hours Pay

Compensation for employees based on the hours they are scheduled to work, potentially including pay for unworked hours due to a minimum notice period for schedule changes.

Guaranteed Hours Pay

A compensation system where employees are assured a minimum number of paid hours, even if they work less than this minimum in a given period.

Union Contracts

Legal agreements between labor unions and employers that outline wages, benefits, working conditions, and other employment terms.

Discharged

The act of formally releasing someone from employment, often implying termination for cause.