You have just purchased 100 shares of the stock of Microsoft Corporation. This places you in the role of
A) principal.
B) incentive system operator.
C) agent.
D) long-term contractor.
A
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If the fraction of U.S. government securities held by foreigners increases, _____
a. current consumption by U.S. citizens can decrease b. current consumption by U.S. citizens can increase c. current interest payments will increase d. private investments will increase e. the burden of debt on future generations will decrease
Barriers to entry can be the result of
a. Positive network externalities b. High switching costs c. Economies of scale d. All of the above
Until about 1983, almost all of the U.S. national debt stemmed from
a. financing wars. b. bank failures. c. development assistance programs. d. tax cuts.
What six items make up the gross domestic product figure?
What will be an ideal response?