The largest single holder of the U.S. national debt after the U.S. government is
A. The foreign sector.
B. U.S. businesses.
C. The private sector.
D. None of the choices are correct.
Answer: A
You might also like to view...
A monopolist is a price searcher because it has the ability to select the price along its demand curve of its product
a. True b. False Indicate whether the statement is true or false
With an income elasticity of demand of 0.5, cigarettes are an example of
a. a normal good b. an inferior good c. irrational demand d. complements to health care e. unitary elasticity
Assume that the government increases spending and finances the expenditures by borrowing in the domestic capital markets. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the real risk-free interest rate and GDP Price Index in the context of the Three-Sector-Model?
a. The real risk-free interest rate rises, and GDP Price Index rises. b. There is not enough information to determine what happens to these two macroeconomic variables. c. The real risk-free interest rate and GDP Price Index remain the same. d. The real risk-free interest rate falls, and GDP Price Index falls. e. The real risk-free interest rate rises, and GDP Price Index falls.
The dictator of Turan has recently begun to arbitrarily seize farms belonging to his political opponents, and he has given the farms to his friends. His friends don't know much about farming. The courts in Turan have ruled that the seizures are illegal, but the dictator has ignored the rulings. Other things equal, we would expect that the growth rate in Turan will
a. fall temporarily, but will return to where it was when the new owners learn how to farm. b. increase because the total amount of human capital in the country will increase as the new owners learn how to farm. c. fall and remain lower for a long time. d. not be affected unless widespread civil disorder or civil war results.