Refer to Scenario 12.1. What is the probability of neither Simon nor Paula trying to rescue the man?

In drawing a budget line it is assumed that:

A) consumer preferences are fixed. B) the prices of the two products are variable. C) money income is fixed. D) consumer willingness to substitute between the two products is fixed.

Which of the following is the best measure of the total amount that the federal government owes to private owners of U.S. Treasury securities?

A) the government budget deficit B) the gross public debt C) government interagency borrowing D) the net public debt