Who pays the interest on government debt for the money it borrows today?
A) future generations of taxpayers
B) the Congressional Budget Office
C) the Federal Reserve
D) The government does not pay interest on money it borrows.
A
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Under NAFTA, environmental standards are
A) harmonized around Mexican rules. B) harmonized around U.S. rules. C) harmonized around Canadian rules. D) harmonized around a combination of the rules in all three countries. E) not harmonized.
In the macroeconomic model of aggregate supply and aggregate demand, price is:
A. the measure of the value of all goods and services produced by the economy. B. represented by GDP. C. calculated as a weighted average of the prices of all goods and services. D. None of these is true.
In the long run,
a. monopolies never earn economic profit b. economic profits and losses determine entry and exit into monopoly markets c. monopolies may earn economic profit d. competition always destroys monopoly e. government always regulates monopoly
Political instability is an impediment to development mainly because it:
A. undermines both domestic and foreign investment in a developing country. B. creates cultural and social differences among groups in developing countries. C. produces excessive levels of domestic saving. D. redistributes income.