When a nation has a high debt/GDP ratio, that nation generally will
a. require high taxes just to pay interest on the debt.
b. be able to borrow funds at relatively low real interest rates.
c. find that its bonds are attractive to international investors seeking low-risk investments.
d. want to increase spending in order to gain the confidence of international investors.
A
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What is the underground economy and how could it hurt an economy? How does it hurt developing economies?
What will be an ideal response?
In every age group, average income in the United States increases with education
a. True b. False
When demand is elastic, an increase in price will cause
a. an increase in total revenue. b. a decrease in total revenue. c. no change in total revenue but an increase in quantity demanded. d. no change in total revenue but a decrease in quantity demanded.
If the supply of bananas increases, but the demand remains the same, which of the following would happen?
a. Price becomes indeterminate.
b. Quantity becomes indeterminate.
c. Price falls.
d. Quantity falls.