The national debt is the
a. result of previous budget deficits.
b. result of rising interest rates.
c. result of previous budget surpluses.
d. result of efficient balancing.
a
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The principal in an interest rate swap is:
A. is not borrowed, lent, or exchanged. It just serves as the basis for the calculation of cash flows. B. is usually held by a clearinghouse to guarantee payment. C. always transferred from the originator to the counterparty of the swap. D. usually borrowed from a third party.
The more time consumers have to adjust to a change in price:
A. the smaller will be the price elasticity of demand. B. the greater will be the price elasticity of demand. C. the more likely the product is a normal good. D. the more likely the product is an inferior good.
For most countries, the Gini coefficient of market income is lower than the Gini coefficient of disposable income.
Answer the following statement true (T) or false (F)
Which of the following is an important difference between government and privately-owned enterprises?
A) Government can distribute goods without employing discriminatory rationing criteria. B) Government can more easily use negative incentives to obtain resources. C) Government does not produce exchangeable commodities or services. D) Government provides services at a lower opportunity cost. E) Government tends to pay close attention to the varying preferences of the people.