If the net public debt remains unchanged during a given period, but the gross public debt increases, then which of the following statements must be correct?
A) Government interagency borrowing must have decreased during the period.
B) Foreign ownership of U.S. Treasury securities must have fallen during the period.
C) Government interagency borrowing must have increased during the period.
D) Foreign ownership of U.S. Treasury securities must have risen during the period.
C
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Refer to the above table. Which country had the highest growth rate of real Gross Domestic Product (GDP) from 2014 to 2015?
A) A B) B C) C D) D
Which of the following is the best example of an action that imposes an external cost?
a. Wear and tear on your car as the result of frequent use. b. Deterioration in the average quality of a house you own as the result of poor maintenance. c. Water pollution from an upstream factory that increases the cost of providing clean water to downstream residents. d. A rose garden on your property from which your neighbor gets much enjoyment.
OPEC became a successful cartel in the 1970s by deciding to restrict oil production.
Answer the following statement true (T) or false (F)
What is the civic externality associated with education?
A. A well-educated person votes more intelligently and the results of their votes benefits all citizens. B. A well-educated person does not vote and the results of their votes benefits all citizens. C. A well-educated person runs for office and their service benefits all citizens. D. A well-educated person always votes for the opposition, and that hinders the progress of the community.