How much of U.S. government debt is held by the rest of the world?
What will be an ideal response?
U.S. government debt held by the rest of the world is about $5.8 trillion.
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Refer to Figure 16-5. Suppose the firm represented in the diagram decides to practice perfect price discrimination. What is the profit-maximizing quantity?
A) 320 units B) 480 units C) 560 units D) 640 units
Compared to the rest of the world, the United States spends a larger percentage of its GDP on Social Security than any other country
Indicate whether the statement is true or false
The Keynesian short-run aggregate supply curve is horizontal because
A. it represents the full employment level of real GDP. B. it represents Say's law. C. it reflects wage and price inflexibility. D. it reflects the absence of money illusion.
The above figure shows a nation's production function. Point C is ________ and ________ because ________
A) attainable; efficient; the nation is using resources efficiently B) unattainable; inefficient; the nation is using resources efficiently but they could be more efficient C) unattainable; efficient; the nation would be using resources efficiently if they could attain this level of production D) unattainable; inefficient; the nation is using resources inefficiently E) attainable; inefficient; the nation is using resources inefficiently