Conflicts of interest is a type of ________ problem that occurs when a person or institution has multiple objectives that are in conflict with each other

Under what condition can the U.S. government continue to pay interest on a rising debt without eventually needing to increase the average tax rate?

a. If the national debt grows at the same rate as nominal GDP b. If the nominal interest on the national debt grows faster than nominal GDP c. If the total interest payments on the national debt grow faster than nominal GDP d. If the national debt grows faster than nominal GDP e. If the real interest on the national debt grows faster than real GDP

Gary's wealth is $1 million. Economists would say that Gary has $1 million worth of money

a. True b. False Indicate whether the statement is true or false