The privately held government debt is that portion of the national debt that
a. must be paid off at some point in the future.
b. is owed to domestic and foreign investors.
c. cannot be refinanced by issuing new debt.
d. is owned by agencies of the federal government.
B
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Any capital resource that lacks clear title ownership is
A) the result of foreign direct investment. B) free capital. C) dead capital. D) capital destruction.
The profit-maximizing price charged by a monopolistic competitor is always equal to its average total cost of production
a. True b. False Indicate whether the statement is true or false
Why does the United States tend to use more capital-intensive methods than many other places?
a. Machinery is relatively expensive in the United States. b. Wages are relatively low in the United States. c. Labor is relatively expensive in the United States. d. Machinery is relatively scarce in the United States.
A run on a bank may occur if
A. depositors withdraw some funds to invest in the stock market. B. required reserves are increased. C. interest rates are raised. D. depositors lose confidence in the bank and attempt to withdraw all their funds. E. All of these responses are correct.