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%
Answer: A
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Among the chief concerns about the use of benefit-cost analysis is that
a. monetizing the benefits of a policy proposal is difficult b. identifying and estimating implicit costs isa major challenge c. equity might not be achieved if, for example, costs are distributed unevenly d. all of the above e. none of the above
If a check written on one bank is deposited in another bank
A) new reserves are created for the banking system. B) the money supply decreases. C) the money supply remains unchanged. D) the money supply increases.
Figure 6-3
In Figure 6-3(a), at any price above $6, quantity demanded
A. falls to zero. B. becomes infinitely large. C. equals price. D. equals the elasticity of demand.
Which of the following is likely to reduce the impact of a monopsony?
a. Absence of competing firms b. Higher search costs c. An increased ability of workers to relocate elsewhere d. Higher movement and information costs