Which of the following countries has the largest national debt as a percentage of GDP?
a. France.
b. Japan.
c. United States.
d. Canada.
e. Italy.
b
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Refer to Table 4-14. The equations above describe the demand and supply for Pauline's Pickled Pomegranates. The equilibrium price and quantity for Pauline's Pickled Pomegranates are $30 and 15 thousand units. What is the value of consumer surplus?
A) $50 thousand B) $112.5 thousand C) $225 thousand D) $337.5 thousand
The short run is that period during which there are no fixed commitments.
Answer the following statement true (T) or false (F)
The demand for labor is
A) derived from the demand for the final product of the firm. B) derived from the satisfaction that hiring labor provides the owner of the firm. C) derived from the satisfaction workers get for being employed. D) derived from a utility-maximizing process similar to that used to derive the demand curve for all workers in a given industry.
Which of the following was a Marxist prediction?
A. Standards of living would increase because of improved productivity and technological advance. B. There would be significant differentiation between workers and owners of factories. C. Production would move from large to ever-smaller factories. D. The use of business power would increase competition.