The national debt is the:
a. difference between a nation's exports and imports of goods and services.
b. sum of the personal debt of all citizens in the United States.
c. indebtedness of the federal government in the form of outstanding interest-earning government security.
d. sum of the net personal debts of Americans to foreigners.
c
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Statistics show that 77% of all education majors are ________ and 81% of all social workers are ________
A) men; men B) men; women C) women; men D) women; women
Refer to Table 7-4
a. Which country has an absolute advantage in the production of both light bulbs and flash drives? b. Which country has a comparative advantage in the production of light bulbs? c. Which country has a comparative advantage in the production of flash drives?
An increase in the money supply typically leads to
A) a reduction in the rate of interest. B) a decrease in the price level. C) a reduction in the velocity of money. D) an inward shift in money demand.
Which statement is true of the Battle of the Sexes game?
a. It is a coordination game. b. The mixed-strategy Nash equilibrium provides players with lower expected payoffs than other equilibria. c. The first mover has an advantage in the sequential version. d. All of the above.