In contrast to Argentina in 2001, the United States debt is less of a burden because the U.S. debt is
a. an obligation to pay over a longer period of time.
b. owed entirely to U.S. citizens and banks.
c. an obligation to pay in domestic currency.
d. an obligation to pay in foreign currency.
c
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Why do multinational corporations typically pay vastly different wage rates for the same work in different countries?
A) Prospective employees have much better alternative opportunities in some countries than in others. B) The cost of living is much lower in some countries than in others. C) The demand for labor is much more elastic in some countries than in others. D) Supply and demand determine wage rates in some countries but not in others. E) Unions exist in some countries but not in others.
In the economic way of thinking, we assume that central bankers act
A) selfishly. B) to promote projects which interest them. C) in the national interest. D) in the global interest.
Responsibility for developing the President's budget lies with _____
a. the Congressional Budget Office b. the Treasury Department c. the Council of Economic Advisers d. the Office of Management and Budget
If the government removes a $1 tax on sellers of gasoline and imposes the same $1 tax on buyers of gasoline, then the price paid by buyers will
A. not change, and the price received by sellers will not change B. increase, and the price received by sellers will increase. C. increase, and the price received by sellers will not change. D. not change, and the price received by sellers will increase