Most of the U.S. national debt is owed to ________. Thus a rising national debt implies that there will be a future redistribution of income and wealth in favor of ________
a. other U.S. citizens, those needing government services
b. foreigners, those needing government services
c. foreigners, foreigners
d. other U.S. citizens, bondholders
d
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A state bank receives its charter from a specific state and can function only in that state
Indicate whether the statement is true or false
What does internalizing an externality refer to?
a) making certain government does not disrupt the internal workings of the market b) making buyers pay the full price for the products they purchase c) making certain that all market transaction benefits go to only buyers and sellers d) making buyers and sellers take into account the external effects of their actions
What is one reason the United States produces luxury cars such as the Chevy Corvette but still does not provide health care for all individuals?
A. Total surplus in the United States is too low. B. Providing health care for all individuals is always inefficient. C. Income is highly unequally distributed in the United States. D. Government manages the health care system.
Refer to Figure 15-19. If the monopoly firm perfectly price discriminates, then consumer surplus amounts to
a. $0. b. $1,562.50. c. $3,125. d. $6,250.