When the U. S. federal government runs a budget deficit, it borrows money by selling:
a. Treasury bills, notes, and bonds.
b. publicly owned land.
c. its gold reserves.
d. financial assets located in foreign banks.
a
You might also like to view...
Quality of life indexes produced in popular magazines often place a heavy emphasis on the cost of housing in different cities -- with a lower housing cost entering the index as a positive feature of the city. Why might such quality of life indeces be misleading?
What will be an ideal response?
Which of the following must be true in order to engage in advantageous international trade?
a. It must be producing at a point on its production possibilities frontier. b. It must be economically efficient. c. It must have a comparative advantage in producing one of the goods being traded. d. There must be no potential Pareto improvements available in the economy. e. It must have an absolute advantage in producing one good being traded.
All of the following are examples of changes in U.S. assets abroad except
a. Disney opens a new theme park in Brazil b. a U.S. citizen buys stock in a British car company c. a Japanese investor buys U.S. government bonds d. McDonald's closes an unsuccessful restaurant in Russia e. Exxon builds an oil refinery in Mexico
The development of a new good or a new process for making a good is called
A) an innovation. B) an invention. C) a factor of production. D) a service.