Which of the following owns the largest proportion of the national debt?
a. Foreigners.
b. Federal, state, and local governments and the Federal Reserve.
c. Private individuals, banks, and corporations.
d. None of these.
c
Economics
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In New Zealand one worker can produce 40 walking sticks or 10 boomerangs each hour. What is the opportunity cost of producing one walking stick?
a. 40 boomerangs b. 10 boomerangs c. 4 boomerangs d. 1/4 of a boomerang e. 1/2 worker
Economics
If the Fed wants to discourage commercial bank lending, it will:
A. increase the interest paid on reserves held at the Fed. B. decrease the interest paid on reserves held at the Fed. C. buy government securities from commercial banks. D. lower the federal funds rate target.
Economics