Currently, the national debt is approximately:
A. 10 percent of GDP.
B. 60 percent of GDP.
C. 105 percent of GDP.
D. 120 percent of GDP.
Answer: C
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Mutual savings banks are owned by
A) shareholders. B) partners. C) depositors. D) foreign investors.
If long-run average total cost is rising, then the firm is experiencing economies of scale
a. True b. False Indicate whether the statement is true or false
The declared purpose of antitrust policy is to promote competition, yet some would say it actually may prevent competition. Explain the two sides of the debate.
What will be an ideal response?
A perfect price discriminator
A) charges each buyer her reservation price. B) charges different prices to each customer based upon different costs of delivery. C) generates a deadweight loss to society. D) charges lower prices to customers who buy greater quantities.