When the public debt is held by foreigners, it is not a real burden on real domestic output.
Answer the following statement true (T) or false (F)
False
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In the above figure, saving will equal zero when real disposable income equals
A) 500. B) 600. C) 60. D) 0.
When young students are hungry, they can be disruptive and inattentive in class. Thus, providing lunch to students has external benefits. The figure above represents the market for school lunches before and after government vouchers are issued
a. What is the unregulated private market equilibrium? b. What is the efficient quantity of lunches? c. What is the amount of the voucher necessary to move the economy to the efficient number of lunches? d. When vouchers are used, what is the dollar price of the lunch that suppliers receive and what is the dollar price that consumers pay when the voucher is used?
A pollution tax penalizes inefficient firms
a. True b. False Indicate whether the statement is true or false
A shortage occurs if borrowers want more loanable funds than savers want to supply
a. True b. False Indicate whether the statement is true or false