The portion of US debt owned by the public (non-Federal Reserve)
A. continues to fall.
B. rose from around 6% to around 12% as a result of the Great Recession.
C. dropped from the 1940s through the 1970s, spiked in the 1980s, dropped in the 1990s and early-2000, and rose in the 2010s.
D. dropped to an all-time low in 2015.
Answer: C
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The presumed objective of the U.S. corporation is to maximize
a. Stakeholder value b. Shareholder value c. Profits before taxes d. The sum of shareholder and stakeholder value e. None of the above
Dent 'n' Scratch Used Cars and Trucks employs 3 salesmen. Data for their sales last month are shown in this table: Cars SoldTrucks SoldLarry105Joe99Ralph312 Based on last month's data, Joe's opportunity cost of selling a car is ________ than Ralph's, and Joe's opportunity cost of selling a car is ________ than Larry's.
A. less; greater B. less; less C. greater; greater D. greater; less
Even when people know the purchasing power of the currency is declining, they continue to use the currency because
A. its value is still predictable. B. it still has some intrinsic value. C. the return of holding currency is always higher than the returns of all other assets. D. they have no other choice.
Health Care is not like other goods and services because
A. people go to the doctor to find out what is wrong, whereas they get other services knowing more about what they need. B. there is no motive to consume more than is economically efficient. C. people do not have to pay for it. D. we tend to like to go to the doctor and do it for enjoyment, whereas we hate going to the dentist.