Which of the following statements is true?
A. The national debt is the current year's amount by which the government is spending more than it collects as taxes.
B. Deficits are financed by the government issuing for sale more government securities.
C. The debt ceiling refers to the amount of debt at which the government is officially declared as being bankrupt.
D. Internal national debt is the portion of the national debt owed to foreigners.
Answer: B
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Which of the following statements is true?
a. Emissions-trading is trading that allows firms to buy and sell the right to pollute. b. The Coase Theorem is the proposition that private markets can rarely ever achieve social efficiency. c. The free-rider problem refers to those who ride on public transit systems without paying. d. Government failure has never occurred in the United States.
An employer asking potential job candidates to perform a test is an example of:
A. screening. B. statistical discrimination. C. signaling. D. building a reputation.
State governments receive half of their tax revenue from property taxes.
Answer the following statement true (T) or false (F)
How can the economy of Canada be characterized?
a. free market b. centrally planned c. mixed, but on the side of centrally planned d. mixed, but on the side of free market