Related to the Economics in Practice on p. 683: According to the International Monetary Fund, the top creditor nation in 2013 was
A. China.
B. the United States.
C. Saudi Arabia.
D. Japan.
Answer: D
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Which of the following are TRUE concerning the distinction between interest rates and returns?
A) The rate of return on a bond will not necessarily equal the interest rate on that bond. B) The return can be expressed as the difference between the current yield and the rate of capital gains. C) The rate of return will be greater than the interest rate when the price of the bond falls during the holding period. D) The return can be expressed as the sum of the discount yield and the rate of capital gains.
Internal ownership of the debt refers to the portion of the national debt owned by government agencies
a. True b. False Indicate whether the statement is true or false
If a firm produces nothing, which of the following costs will be zero?
a. total cost b. fixed cost c. opportunity cost d. variable cost
The World View article titled "The Education Gap between Rich and Poor Nations" says that a greater percentage of people graduate from high school in rich nations than in poor nations. This investment in human capital can lead to
A. Lower productivity. B. A bigger capital stock. C. Lower labor quality. D. Increased output per worker.