Unlike an internally held public debt, an externally held public debt
a. cannot pass the debt burden on to future generations
b. can pass the debt burden on to future generations
c. expires upon maturity
d. cannot be reduced because foreigners hold the debt
e. causes crowding out
B
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If the amount payable in two years is $2420 for a simple loan at 10 percent interest, the loan amount is
A) $1000. B) $1210. C) $2000. D) $2200.
Consider the production possibilities frontier displayed in the figure shown. The opportunity cost of a bushel of apples is:
A. 3/20 watermelons.
B. 1/20 watermelons.
C. 1/40 watermelons.
D. 1/30 watermelons.
Which of the following groups would be most optimistic about the effects of economic growth?
a. Environmentalists b. Psychologists c. Economists d. All would be similar in their views
Studies of data support the view that higher levels of education are associated with higher levels of real
a. interest rates. b. per capita GDP. c. price inflation. d. income decline.