Answer the following statements true (T) or false (F)
1. Unlike corporate debt, national debt possesses no productivity aspect.
2. Interest on the U.S. national debt adds to the federal deficit.
3. The U.S. Treasury often sells new bonds in order to raise money to pay off maturing bonds.
4. As a percentage of GDP, the U.S. national debt held by the public is larger than in any major European country.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
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The minimum point on the average variable cost curve is called the loss-minimizing point
Indicate whether the statement is true or false
The slowing of the American economy in 2008–2009 gave businesses a strong incentive to raise capital investment.
Answer the following statement true (T) or false (F)
An oligopolist charges a lower price than the short-run profit-maximizing price. How does this affect the firm’s productive efficiency?
a. The firm fails at productive efficiency because P 1 exceeds the minimum ATC.
b. The firm fails at productive efficiency because P 1 is less than the minimum ATC.
c. The firm achieves productive efficiency because P 1 exceeds MC.
d. The firm achieves productive efficiency because P 1 is less than MC.
Health and education are two of the lynch pins of economic development.
Answer the following statement true (T) or false (F)