The percentage of the national debt held by foreigners is approximately 25 percent
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to Figure 2-9. What is the opportunity cost of producing 1 popsicle in Iceland?
A) 1 1/2 snow cones B) 3/4 of a snow cone C) 2/3 of a snow cone D) 270 snow cones
The balance of payments ____
a. b and e b. is always zero c. with some nations is different than it is with others d. is negative when the nation runs a trade deficit e. can only be expanded when the government has foreign exchange reserves
One thing that the Asian Tigers did to become extremely successful was to
a. build an expert workforce by paying well for highly skilled labor. b. create industries to serve domestic markets. c. integrate with wealthy international markets. d. put more emphasis on self-reliance.
(Consider This) North Korea's command economy:
A. is one of the few remaining command economies. B. has grown much faster than South Korea's economy since the two countries were divided after World War II. C. produces a per capita GDP of nearly $25,000. D. has undergone significant market reforms and is now one of the fastest-growing economies.