Some argue that budget deficits will lead to reduced private spending because:

A) the government will purchase so many goods and services, creating shortages.
B) budget deficits will reduce interest rates on savings and decrease consumers' wealth.
C) consumers, anticipating paying higher taxes in the future, will reduce current consumption in order to save money to pay the future taxes.
D) the government will have to increase transfer payments in order to finance the deficit.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; ///blank(1) longer; blank(2); lessi believe this is correct, plz check first; good luck';

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