Suppose That the Government Could Stimulate Spending in One of the Following

question 232

Multiple Choice

Suppose that the government could stimulate spending in one of the following expenditure categories.In which of these categories would the spending increase contribute most to an expansion of production possibilities?

• A) consumption goods
• B) government purchases
• C) net exports
• D) capital goods

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Definitions:

Contextual Relativism

Position 5 in Perry’s model that represents a major achievement in intellectual development because the student now possesses analytic abilities that allow her to appreciate the merits of diverse perspectives and to find convincing elements in multiple points of view. Thinking relativistically, or thinking about knowledge in context, becomes more habitual.

Absolute Truth

A fact or principle that is believed to be universally valid, independent of context or situation.

Intellectual Development

The growth and change in intellectual capabilities, such as learning, thinking, reasoning, and problem-solving.

Authority Figures

Individuals who hold power or control in social structures, typically held in high regard and expected to be obeyed and respected.