Your text identifies all of the following as reasons why unsustainable debt may occur EXCEPT
A) when countries are dependent on one or two key export commodities, and there is a sudden drop in the price of those commodities.
B) when natural disasters occur.
C) when civil conflicts are resolved and a peace dividend occurs.
D) when there are corrupt politicians and practices.
E) when government officials try to buy votes with unsustainable spending.
C
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Which of the following is a difference between "quantitative easing" and ordinary open-market operations?
A. There is no difference between the two policy tools. B. Open-market operations are done in order to lower interest rates; quantitative easing is merely intended to increase bank reserves. C. Quantitative easing is focused exclusively on U.S. government bonds; open-market operations also include the buying and selling of debt issued by government agencies and government-sponsored entities.
A form of oligopoly in which ________ is called the price-leadership model.
A. a dominant firm sets the price and all smaller firms in the industry follow the dominant firm's pricing policy B. all firms collude when setting the price C. price is set by government regulation D. price is determined by the market
From the economic point of view, what does a professor who posts her syllabus on the Internet and a restaurant that posts its menu outside have in common?
A) They are attempting to exploit others. B) They are reducing competition. C) They are expanding the range of opportunities available to others. D) They are solely in it for the money.
If the economy is represented in the graph shown and is currently at point E2, what could be said about the state of the economy?
A. The unemployment rate is just about the natural rate. B. There is lower unemployment than the natural rate. C. The unemployment rate is zero. D. There is higher unemployment than the natural rate.