Sovereign debt refers to
A) debt owned by the government.
B) bonds issued by the government.
C) debt owed to the government.
D) debt only issued by nations with kings or queens.
B
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Firms owning brand names like Coca-Cola that are so well known continue spending hundreds of millions of dollars on advertising
Since this doesn't seem to be an effort to increase consumer awareness what is the possible explanation for this behavior?
The above figure shows the reaction functions for two pizza shops in a small isolated town. The perfect competitive outcome is that
A) each firm produces 40 pizzas. B) each firm produces 50 pizzas. C) the firms split the production of 200 pizzas. D) each firm produces 200 pizzas.
Game theory suggests that in the trust game:
A. trustees will be untrustworthy and will forego potentially profitable investments. B. trustees will be trustworthy and will pursue all potentially profitable investments. C. trustees will be untrustworthy, but will pursue all potentially profitable investments. D. trustees will be trustworthy, but will forego potentially profitable investments.
Suppose a perfectly competitive increasing-cost industry is in long-run equilibrium when market demand suddenly decreases. What happens to the industry in the long run?
a. It experiences no change from the original equilibrium b. It experiences a higher equilibrium price and produces less output c. It experiences a lower equilibrium price and produces less output d. It experiences the same equilibrium price but produces more output e. It experiences the same equilibrium price but produces less output