Which statement is true?
A. Foreigners are holding over $1 trillion in U.S. currency (which they have not invested in the U.S.).
B. If foreigners keep buying U.S. assets, we will run out of things to sell before the year 2025.
C. Within 10 years the United States will probably go bankrupt.
D. None of these statements are true.
A. Foreigners are holding over $1 trillion in U.S. currency (which they have not invested in the U.S.).
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The primary objective of an imperfectly competitive firm is to:
A. maximize total revenue. B. charge the highest possible price. C. minimize total cost. D. maximize profit.
Why is the demand for a perfectly competitive firm's good perfectly elastic even though the market demand is not?
What will be an ideal response?
Government institutions that protect the rights of individuals are ______
a. the executive, legislative, and judicial branches of government b. federal, state, and local governments c. federal agencies such as OSHA, FEC, and the FCC d. police, military branches, and the court system
A buyer's consumer surplus on a unit of a good is its value to that buyer minus what the buyer actually pays for it
a. True b. False