The total value of all outstanding federal government securities is

A. total personal wealth.
B. the budget deficit.
C. a flow variable.
D. none of these.


Answer: D

Economics

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Refer to the figure below. The dominant strategy for Row Resorts is to ________, and the dominant strategy for Column Cruises is to ________.

A. keep rates high; offer reduced rates B. offer reduced rates; keep rates high C. offer reduced rates; offer reduced rates D. keep rates high; keep rates high

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The use of money adds to wealth because it tends to increase people's

A) options. B) risks. C) costs. D) expenditures. E) elasticity of demand.

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All possible efficient allocations of 2 goods between 2 people are located on

A) the indifference curve. B) the contract curve. C) the production possibilities frontier. D) the budget line.

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Refer to the above figure. Assume that only two goods can be produced in the economy. Which of the following statements is TRUE?

A) Points a, b, and c are all obtainable points of production. B) Points a and b are obtainable points of production. C) Points b and c are obtainable points of production. D) Only point b is an obtainable and efficient point of production.

Economics