From 1980 through 2010, the debt-to-GDP ratio in the United States
A) is considered high by U.S. historical standards.
B) has more than quadrupled.
C) has slowly declined.
D) has remained about average compared to countries in the OECD.
D
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In Figure 8-1, point E represents:
a. recession and a peak. b. peak and a trough. c. recovery and a peak. d. recession and a trough.
Consider the market for blackjack dealers in Las Vegas. In each of the following cases, explain what happens to the equilibrium wage rate and the quantity of blackjack dealers hired
a. Three new large resort casinos open in Las Vegas. b. Fewer students are attending classes to learn to become blackjack dealers. c. Traditionally, blackjack dealing is a field that attracts foreign workers. However, changes in immigration laws have made it more difficult for foreign workers to come to Las Vegas to obtain jobs. The demand for blackjack dealers, however, does not change. d. Advances in technology have increased the popularity of electronic blackjack machines and decreased the popularity of live table games which require the use of a dealer.
Taxes levied on a firm's earnings ________ the effective cost of funds
A) lower B) raise C) have no effect D) none of the above
In the 15th century, _____ rose to prominence in trade with areas to the east of Europe, while _____ dominated trade with the West
a. Venice; England b. Italy; Denmark c. Portugal; Spain d. France; Holland