The total debt of the United States is $15 billion and the amount of government debt held by private investors is $6 trillion. The difference between these two is debt:

A. held by U.S. financial institutions.
B. that has been adjusted for the effects of inflation.
C. held by foreigners.
D. held by some parts of the government itself.


Answer: D

Economics

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Economics

In the capital market, the rental price is what a:

A. producer pays to use a factor of production for a certain period or task. B. producer pays to gain permanent ownership of a factor of production. C. consumer pays to use labor or land services for a certain period or task. D. consumer pays to gain permanent ownership of a factor of production.

Economics

Every society must deal with the problem of scarcity because:

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Economics

Because a monopolist must cut its price to increase its sales by one unit,

A. MR > P at every output level. B. MC > MR at every output level. C. P > MR at every output level. D. MC > P at every output level.

Economics