Why does the government not have to repay debt, as do private individuals?
A. Because the government can ignore creditors and refuse payment.
B. Because the government, as a dictatorship, is unresponsive to demands for repayment.
C. Because the government has no debt; it owes it to itself.
D. Because the government does not have a finite life, as do individuals.
Answer: D
You might also like to view...
The above table shows Homer's utility from boxes of doughnuts. As Homer's consumption of doughnuts increases, his
A) marginal utility is positive and increasing. B) marginal utility is positive but decreasing. C) marginal utility is negative but increasing. D) marginal utility is negative and decreasing.
According to the kinked demand curve model, if an oligopolistic firm lowers its price, it should expect to see its total revenue:
A) increase. B) stay the same. C) decrease D) cannot be determined without more information.
For a monopolistically competitive market, the number of firms in the market implies that
A) each firm faces a perfectly elastic demand. B) all firms will make losses. C) each firm acts independently of other firms. D) firms will collude to set monopoly price and output.
Of the following examples, expenditures on ______ will most likely increase dramatically when the GDP rises.
a. HDTVs b. pants c. cough drops d. milk