The national debt is best described as the:
a. amount by which this year's federal spending exceeds its taxes.
b. value of all U. S. Treasury bonds owned by foreigners.
c. sum of all federal budget deficits, past and present.
d. percentage of GDP needed to finance a country's investment.
c
You might also like to view...
In order for a firm to face a perfectly elastic demand curve, it must
a. be a large firm selling a standardized product b. be a small producer selling a standardized product c. be a small producer; its product may or may not be standardized d. be a large producer selling a non-standardized product e. sell a standardized product, but the size of the firm is irrelevant
A graph shows pricing and demand data compiled from the purchasing departments of more than 100 companies. This graph most likely shows a(n) ______.
a. market demand schedule b. individual demand schedule c. market demand curve d. individual demand curve
Refer to Table 4-5. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one of the tickets is $36
A) Walter will receive $4 of consumer surplus from buying one ticket. B) Violet and Walter receive a total of $52 of consumer surplus from buying one ticket each. No one else will buy a ticket. C) Violet and Walter will each buy two tickets. D) Xavier, Yolanda, and Zachary will receive a total of $68 of consumer surplus since they will buy no tickets.
A speculator who feels strongly that short rates will be falling over the next few years might want to be a __________ payer in a swap contract; if he is wrong there is __________ downside risk
A) fixed-rate; no B) fixed-rate; considerable C) floating-rate; no D) floating-rate; considerable