The convergence criteria included that a country:
A) should maintain a deficit of 6% of GDP.
B) can have a debt level equal to 80% of GDP.
C) can have a debt level equal to 60% of GDP.
D) should maintain a deficit lower than 1% of GDP.
Ans: C) can have a debt level equal to 60% of GDP.
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Successful monetary policy relies most on:
A. knowledgeable citizens who know how to react to the policy. B. luck. C. the institutional environment. D. having an ample supply of highly qualified people.
A firm that operates in Stage III of the short-run production function
A) has too much fixed capacity relative to its variable inputs. B) has too little fixed capacity relative to its variable inputs. C) has greatly overestimated the demand for its output. D) should try to increase the amount of variable input used.
When the public debt is held by foreigners, it is not a real burden on real domestic output.
Answer the following statement true (T) or false (F)
Immigrant entrepreneurs have founded what portion of semiconductor, computer/communication, and software companies in the U.S.?
A. 5% - 10% B. 10% - 20% C. 20% - 25% D. 25% - 35%