A principle is a self-evident truth that most people readily understand and accept.

Answer the following statement true (T) or false (F)


True

Economics

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As a result of the global financial crisis in 2008, _____

a. U.S. interest rates fell and the cost of servicing U.S. debt decreased b. U.S. citizens increased their purchase of foreign securities c. U.S. chronic deficits increased and debt service costs overwhelmed the budget d. debt issued by U.S. government entities was judged to be the safest in the world e. there was downgrading of the nation's credit risk by the chief credit-rating agency in 2011

Economics

If the MPC is .75, the multiplier is

A. .25. B. .75. C. 1. D. 4.

Economics

Ersatz Kreme will sell its filling to Hunky Donuts only if Hunky Donuts agrees not to buy filling from other suppliers. This is an example of:

A. price discrimination. B. exclusive dealing. C. a tying contract. D. interlocking directorates.

Economics

A Giffen good could be either a normal good or an inferior good

Indicate whether the statement is true or false

Economics