One concern over external national debt is that interest and principal payments transfer wealth overseas. The percentage of the national debt held in recent years by foreigners is approximately:
A. 10 percent.
B. 20 percent.
C. 30 percent.
D. 50 percent.
Answer: C
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The production of paper creates pollution, an external cost. What happens to the production of paper if the government imposes a tax on paper producers equal to the marginal external cost of the pollution?
What will be an ideal response?
In 2006, the American Association of Retired Persons (AARP) spent over $70 million on lobbying-related expenses in an attempt to get policies enacted that would benefit retirees. In economics, the term used to describe such activity is
a. logrolling. b. rent seeking. c. influence peddling. d. redistribution searching.
In order to create economic expansion supply-siders propose to
A. cut tax rates. B. encourage saving. C. hasten deregulation. D. All of the choices are correct.
An artificially scarce good is:
A. not rival in consumption, but excludable. B. rival in consumption, but not excludable. C. rival in consumption and excludable. D. not rival in consumption and not excludable.