An example of an external debt is
a. French public debt held by Americans
b. French investment in the United States financed by French debt
c. French government debt held by French banks
d. French public debt issued by French private companies
e. U.S. government debt held by the Federal Reserve System
A
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Steel production creates pollution. If a tax is imposed on steel production equal to the marginal external cost of the pollution it creates, ______
A. steel producers will cut pollution to zero B. the deadweight loss created by steel producers will be cut to zero C. the market price of steel will rise by the amount of the tax D. steel producers will continue to produce the inefficient quantity of steel
The Arrow impossibility theorem explains
A) why government regulation of private markets will always result in a reduction in economic efficiency in these markets. B) why voters are always rationally ignorant. C) why there is no system of voting that will consistently represent the underlying preferences of voters. D) why it is not possible to provide the economically efficient amount of any public good.
Suppose the official unemployment rate is 10 percent. We can conclude without question that:
A. the same 10 percent of the people in the economy were out of work for the entire year. B. one of every 10 people in the civilian labor force is currently unemployed. C. 10 percent of the people in the civilian labor force were out of work for 10 percent of the entire year. D. every person in the civilian labor force was out of work for 10 percent of the year.
Some countries have borrowed as much as 500 percent of their IMF quotas
Indicate whether the statement is true or false