There would be only one way to reduce the national debt; that would be to _______.
Fill in the blank(s) with the appropriate word(s).
run budget surpluses
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Which of the following is an example of an economic investment?
A. Purchasing shares of a mutual fund B. Putting money in a bank CD C. Buying a corporate bond or stock D. Building a new bank office
Other things the same, a decrease in the U.S. real interest rate induces
a. Americans to buy more foreign assets, which increases U.S. net capital outflow. b. Americans to buy more foreign assets, which reduces U.S. net capital outflow. c. foreigners to buy more U.S. assets, which reduces U.S. net capital outflow. d. foreigners to buy more U.S. assets, which increases U.S. net capital outflow.
This graph demonstrates the domestic demand and supply for a good, as well as a quota and the world price for that good.
According to the graph shown, if the government restricts trade, area G represents:
A. quota rents. B. transferred surplus. C. government tax revenues. D. deadweight loss.
In the text, economics is defined as the science of
a. money and business. b. choices. c. scarcity. d. price. e. individuals' actions.