The external debt can place a continuing burden on the United States by reducing consumption in the United States
Indicate whether the statement is true or false
T
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Answer the following statements true (T) or false (F)
1. Government regulations which affect entrepreneurial activities within a nation also affect total output and the standard of living. 2. A nation’s raw materials and sources of energy are considered part of its capital resources. 3. When the entire production possibilities curve shifts inward, the economy is growing. 4. A production possibilities curve shows the use of resources and the alternative combinations of goods that a society can produce.
In the liquidity trap, monetary policy
A) has a large impact on interest rates. B) has a small impact on interest rates. C) has no impact on interest rates. D) has a proportionate impact on interest rates.
The person on the other side of a transaction is referred to as the:
A) derivator B) counterparty C) hedger D) speculator
Given total cost and the quantity of output, marginal cost and average cost can be determined.
Answer the following statement true (T) or false (F)