One measure of "ability to pay," the national debt is the debt to
a. GDP ratio.
b. tax ratio.
c. spending ratio.
d. investment ratio.
a
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Refer to Scenario 12.1. Suppose that a third friend, Ryan, joins Simon and Paula on their way home from school, and this reduces the probability of any particular individual from stepping forward to help the man being attacked from 70% to 60%
What is the probability of either Simon, Paula, Ryan, or any combination of the three trying to rescue the man? A) 21.6% B) 50.4% C) 72.0% D) 93.6%
All of the following contribute to labor productivity growth EXCEPT
A) population growth. B) physical capital growth. C) human capital growth. D) technological advancements.
The statement, "Violent crime has decreased in the last five years," is:
a. obviously wrong and, therefore, cannot be a positive statement. b. normative since it can be answered by simply looking at the facts. c. positive because it is testable. d. not very interesting because all normative issues are of little importance.
Which of the following would be an example of a capital outflow control?
A. Mexico excludes foreigners from purchasing short-term debt B. Mexico limiting the number of pesos its citizens can take out of the country C. Mexico limiting the number of U.S. dollars an American can bring into the country D. All of the answers given would be examples of capital outflow controls