Conscription Is a More Advantageous Way to Obtain Military Personnel

question 40

Multiple Choice

Conscription is a more advantageous way to obtain military personnel when _____.

• A)expenditures on welfare are low
• B)the conscripted are paid the same as a volunteer army
• C)the army is large relative to the size of the civilian population
• D)the country is a dictatorship

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Definitions:

Quantitative Easing

A monetary policy where a central bank buys securities in the open market to increase the money supply and encourage lending and investment.

Reserve Requirement

A regulation set by central banks that determines the minimum amount of reserves that banks must hold against deposits.

Gross National Income

The total domestic and foreign output claimed by residents of a country, consisting of GDP plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents.

Net National Income

The total income of a nation after adding all payments from abroad and subtracting all payments to abroad, including depreciation.