The concept of odious debt implies
(a) an excessive debt.
(b) a debt that is not the responsibility of the nation's people.
(c) a large debt burden.
(d) the total external debt of a nation's people.
B
You might also like to view...
If Al is risk averse, as his wealth increases, his total utility of wealth ________ and his marginal utility of wealth ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
According to the theory of purchasing power parity, the exchange rate between two countries reflects
A) the interest rates in the two countries. B) the unemployment rates in the two countries. C) government spending in the two countries. D) differences in the overall price levels in the two countries.
If nominal GDP increased, which of the following could also have occurred?
a. Both prices and real GDP decreased. b. Prices remained the same and real GDP decreased. c. Prices decreased and real GDP remained the same. d. Prices increased and real GDP decreased. e. Both prices and real GDP remained the same.
If a firm manager has a base salary of $50,000 and also gets 2 percent of all profits, how much will his/her income be if revenues are $8,000,000 and profits are $2,000,000?
A. $90,000 B. $210,000 C. $250,000 D. $150,000