Debt service refers to
a. repayment of principal on the debt
b. repayment of interest on the debt
c. repayment of principle and interest on the debt
d. banks' offers to lend
e. none of the above
C
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Who tends to lose from labor migration?
A. The firms in the country of origin B. The migrant workers C. The firms in the destination country D. The workers in the country of origin who did not migrate
In Macroland, 500,000 of the 1 million people in the country are employed. Average labor productivity in Macroland is $20,000 per worker. Real GDP per person in Macroland totals:
A. $10,000. B. $1,000. C. $40,000. D. $15,000.
Government intervention in agriculture began in the United States in the 1890s
Indicate whether the statement is true or false
The laissez-faire free-market system is
A. an ideal of perfection. B. one that leaves no room for improvement. C. unmatched by any other system for allocative efficiency. D. All of the responses are correct.