In 2015, approximately what percentage of the public debt was held by foreign individuals and institutions?
A. 41 percent
B. 34 percent
C. 15 percent
D. 26 percent
Answer: B
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Assume that each day a firm uses 13 employee-hours and an office to produce 100 units of output. The price of each unit output is $5, the hourly wage rate is $10, and rent on the office is $200 per day. Each day the firm earns a ________ of ________.
A. loss; $200 B. profit; $370 C. profit; $170 D. loss; $170
A country's balance of payments accounts include all of the following EXCEPT the
A) military account. B) current account. C) capital and financial account. D) official settlements account.
If the demand for illegal drugs is inelastic, then a government policy that causes illegal drug price to rise would cause those who support their drug habit by property theft to:
A. increase their theft to pay for their drugs. B. increase their drug dependency. C. reduce their theft to pay for their drugs. D. end their drug dependency.
Up through the early decades of the 20th century, many countries remained closed to trade, charging high tariffs or imposing strict quotas on imported goods. In 1948, 23 countries joined the General Agreement on Tariffs and Trade (GATT), which sought to set out rules for trade and enhance future negotiations. The reduction in tariffs as a result of GATT probably brought about:
A. a reduction in domestic production. B. an increase in consumption. C. no change in consumption. D. a decrease in consumption.