The two reasons why bankruptcy is a false concern about the public debt are:
A. Government spending and taxation
B. Refinancing and taxation
C. Investment and refinancing
D. Saving and investment
B. Refinancing and taxation
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Alfred Kahn's plan for airline deregulation emphasized
a. marginal cost pricing of tickets. b. average cost pricing of tickets. c. federal subsidies for certain airlines. d. increased federal taxes on airline profits.
The desire to keep assets in cash to take advantage of favorable changes in the value of non-cash assets is called the:
a. speculative demand for money. b. wealth demand for money. c. risk interest in money. d. precautionary demand for money. e. transactions demand for money.
Relative to a no-trade situation, if the United States imported jeans, the U.S. domestic price of jeans would
a. rise, but domestic output would fall. b. decline, but domestic output would rise. c. decline as would domestic output. d. rise as would domestic output.
Government policy can potentially raise economic well-being
a. in all markets for goods and services. b. in economic models, but not in reality. c. when a good does not have a price attached to it. d. never.