Why are the bonds held by the Fed and government agencies excluded from the privately held debt figures?
a. The U.S. Treasury does not have to pay off these bonds.
b. These bonds were not issued by the U.S. Treasury.
c. These bonds do not create a net-interest obligation for the federal government.
d. These bonds are not interest-bearing bonds.
C
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An increase in foreign output would cause the domestic country's net exports to ________ and cause the domestic country's IS curve to ________
A) rise; shift up B) rise; shift down C) fall; shift up D) fall; shift down
Economic profits are
A) total revenue minus explicit costs. B) total revenue minus implicit costs. C) total revenue minus explicit and implicit costs. D) total revenue minus accounting costs.
In the textual example, Muhammad Yunus was highly successful in his use of applying social incentives through group responsibility in order to maximize loan repayment rates. This success created an incentive for other banks to:
A. offer similar loans to the poor. B. go out of business. C. seek government action to ban group responsibility lending. D. avoid catering to a high risk group.
The concepts of comparative advantage, specialization, and trade:
A. can be useful in explaining why countries import and export certain goods. B. can be useful in explaining why individuals typically work at one job, and buy the other goods and services they need. C. can be useful in explaining why we allow ourselves to be interdependent on others. D. All of the statements are true.