In some instances, government spending may trigger a "crowding out" outcome that undermines the reason for the government spending. What is "crowding out" and how can government spending cause it?
Answer to relevant QuestionsWhat are the most important spending items of the federal government? Of state and local governments? What is the principal difference between Medicare and Medicaid? What is the federal government's most important source of tax revenue? What are the state and local governments' most important sources of tax revenue? Admitting all exceptions to the rule, the rule is that free trade benefits all nations. Make the case. NAFTA is a free trade agreement among the United States, Canada, and Mexico. How does it differ from the trade agreement that binds the European Union?
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