If the U.S. government sells bonds to fund improvements in infrastructure, and the bonds are bought by foreigners, the burden on future U.S. taxpayers
A) is not increased so long as the return on the improvements is at or above the borrowing cost.
B) is not increased so long as the return on the improvements is below the borrowing cost.
C) is not increased so long as the return on the improvements is above zero.
D) is increased regardless of the borrowing cost and the return on the improvements.
A
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________.
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Referring to the table above, the present discounted value of initial wealth plus total income is ________
A) $67,308 B) $71,200 C) $70,400 D) $68,462
Common property resources tend to be
A) overused. B) underused. C) not used at all. D) efficiently used. E) used by the government only.
Electric utilities have trumpeted nuclear power for years, advocating it as lower in production costs than other alternatives. Yet, society has resisted heavy reliance on nuclear power. Explain the source of the disagreement and suggest which side (utilities or society) is correct