One of the problems with excessive debt is that
A) it worsens the central government's budget position by adding large debt service payments to other budget items.
B) it reduces the quantity of resources available to invest in economic development.
C) if debt service is substantial, schools, health clinics, roads, ports, other infrastructure, and social needs are less likely to be addressed.
D) it can intensify and spread a crisis.
E) All of the above.
E
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Economies of scale occur when the percentage increase in output
A) exceeds the percentage increase in all inputs. B) is less than the percentage increase in all inputs. C) exceeds the percentage decrease in all inputs. D) is less than the percentage decrease in all inputs.
In Brown v. Board of Education, the Supreme Court ruled that segregated facilities were inherently unequal
Indicate whether the statement is true or false
The deficit in the U.S. current account in recent years has been reinforced by a deficit in the U.S. capital account
Indicate whether the statement is true or false
Higher interest rates tend to increase the demand for money.
a. true b. false