Can the U.S. federal government go broke as a result of a large national debt?
What will be an ideal response?
The U.S. government cannot go broke because it could always raise taxes, cut spending or print more money. However, as the national debt rises, a higher percentage of taxes collected would be required to pay the interest on the debt.
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In the circular flow diagram, aggregate expenditure includes
A) consumption expenditure, saving, investment and government expenditure. B) consumption expenditure, saving, investment and net exports. C) consumption expenditure, investment, government expenditure and net exports. D) consumption expenditure, saving, government expenditure and net exports.
Limit pricing is also referred to as
A) competitive pricing B) fair pricing C) predatory pricing D) all of these choices.
Nasdaq
a. operates under a private rule b. is run and managed by the SEC c. is an example of a public ordering d. is an example of a public good e. none of the above
Over the long run, why do low-cost providers generally prevail?
What will be an ideal response?