Which of the following would be a consequence of the retirement of the internally held portion of the public debt?
A. A reduction in the nation's productive capacity
B. A reduction in the nation's standard of living
C. A redistribution of the nation's wealth among its citizens
D. An increase in aggregate expenditures in the economy
C. A redistribution of the nation's wealth among its citizens
You might also like to view...
Pieces of property that serve as a store of value are called
A) assets. B) units of account. C) liabilities. D) borrowings.
Wants
A) is another term for needs. B) refer to services while needs refer to goods. C) is the term used by economists instead of needs because needs are not objectively definable. D) are used by economists and refer to the same thing as needs when used by psychologists.
The supply and demand model
a. tries to include as many realistic details as possible in order to provide insights into real-world competitive markets b. uses simplifying assumptions while still providing insights into real-world competitive markets c. uses simplifying assumptions that severely limit its usefulness in practice d. is too complicated to be useful in practice e. is unable to explain price movements in most real-world competitive markets
A candy bar is an example of a good that is
a. both rival and excludable b. non-rival but excludable c. both non-rival and non-excludable d. rival but non-excludable e. rival but usually produced inefficiently