Debt servicing refers to the repayment of principal on the debt.
Answer the following statement true (T) or false (F)
False
Debt service is the interest required to be paid each year on outstanding debt.
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The emerging market economies are
A) the nations with the highest standards of living. B) most of the nations of Western Europe. C) in transition from state-owned production to free markets. D) the largest grouping including the nations of China and India. E) the nations that are currently agricultural in nature.
A good is nonrival if:
A. there is no way to prevent a person from consuming or using it. B. more than one person can consume it at the same time without affecting its value to others. C. consumption of it involves perfect rivalry. D. consumption is completely excludable.
The consumption function expresses the:
a. relation between consumption and dissaving. b. relation between consumption and disposable personal income. c. purposes of consumption. d. relation between consumption and dissaving.
In 1870, the richest country in the world was
a. Germany. b. Japan c. the United Kingdom. d. the United States.