To put government debt into perspective, it should be:
a. Put on a per capita basis
b. Realized that if the debt is not eventually brought to zero (i.e., repaid in full and with no outstanding obligations), the nation could default on its loans.
c. Looked upon as the problem of future generations and not a concern of the current generation.
d. Realized that the debt is a liability of a "government" and, therefore, not really a liability of the nation.
.A
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The equation for the balanced budget multiplier can be written as
a. (1/1 – b) – (b/1 – b). b. (1/1 + b) + (? b/1 – b). c. (1/1 – b) + (b/1 + b). d. (1/1 + b) – (b/1 + b).
One of the possible reasons for high sales and steady profit margins of General Motors, Ford, and Chrysler during 1950s and 1960s were aggressive pricing and design innovations
Indicate whether the statement is true or false
Scarcity affects everyone, even billionaires
Indicate whether the statement is true or false
Suppose Campus Books, a profit-maximizing firm, is the only supplier of the textbook for a given class. The marginal cost of supplying each book is constant and equal to $10, and Campus Books has no fixed costs. The table shows the reservation prices of the eight students enrolled in the class. CustomerReservation Price($/Book)Q60R54S48T42U36V30W24X18If Campus Books is permitted to charge 2 prices, and the bookstore knows customers with a reservation price above $30 never bother with coupons, whereas those with a reservation price of $30 or less always use them, then what will be the bookstore's total economic profit?
A. $154 B. $150 C. $130 D. $158