External debt of the United States refers to
A. U.S. government debt held by foreigners.
B. Combined foreign debt held by sources outside the U.S. government.
C. The ownership of nongovernment debt by the government.
D. The debt of nongovernment organizations.
Answer: A
You might also like to view...
An item's ability to serve as money does not depend on its own market value or _______________
Fill in the blank(s) with the appropriate word(s).
An increase in the level of real GDP in the economy leads to
A) a leftward shift in the demand for money curve. B) a rightward shift in the demand for money curve. C) a leftward movement along the demand for money curve. D) a rightward movement along the demand for money curve.
Moving from a point inside the production possibilities frontier to a point on the production possibilities frontier, the opportunity cost of producing more of the good on the horizontal axis
A) increases. B) is infinite. C) decreases. D) is 0. E) is constant.
Which of the following examples of household spending is categorized as investment rather than consumption?
a. expenditures on durable goods such as automobiles and refrigerators b. expenditures on intangibles items such as medical care c. expenditures on new housing d. All of the above are correct.