Special interest groups often engage in rent seeking, which is a socially wasteful activity
Indicate whether the statement is true or false
True
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A default in the past makes it much more likely that a government will default again, even if the current government is a new regime with every intention of honoring its debts. Why might that be?
What will be an ideal response?
For a firm to maximize total profits through price discrimination, it should
a. Charge a high price to consumers with an inelastic demand and low price to consumers with an elastic demand b. Charge a low price to consumers with an inelastic demand and high price to consumers with an elastic demand c. Charge the same price to both sets of consumers d. Charge nothing to both set of consumers-throw a party
According to the text, approximately what percentage of U.S. net public debt is held by foreign residents?
A. 50% B. 100% C. 5% D. 200%
Deficit targeting acts as an automatic stabilizer.
Answer the following statement true (T) or false (F)