Is the national debt a burden to future generations?
A. No, as long as foreigners own a significant share of the national debt.
B. No, as long as the national debt is owned purely by U.S. citizens.
C. Yes, debt is always a burden to future generations.
D. Yes, unless foreigners increase their share of the national debt.
Answer: B
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A problem with official U.S. poverty data is that they
a. omit the rural poor b. do not account for inflation c. omit in-kind transfers such as food stamps d. do not reflect changes in the cost of living e. omit dividends and interest
A state lottery has a Million Dollar Lottery game that pays $1,000 a week for life. Assuming a 6% nominal rate of interest and generously assuming an infinite lifetime, can this game be called a "Million Dollar Lottery"?
What will be an ideal response?
Refer to the information provided in Figure 13.3 below to answer the question(s) that follow. 
Figure 13.3Refer to Figure 13.3. This firm's total revenue will be maximized at a price of
A. $12. B. $10. C. $8. D. $6.
Refer to the information provided in Table 7.5 below to answer the question that follows.Table 7.5L012345Q01530456075Refer to Table 7.5. Suppose output varies, ceteris paribus, with labor input in the manner displayed in the table above. After how many units of labor do diminishing returns set in?
A. 3 B. 4 C. 5 D. They do not set in.