The debt service ratio is the ratio of
(a) external debt to the size of the service sector.
(b) external debt to total GNP.
(c) internal debt to the size of the service sector.
(d) internal debt to total GNP.
(e) none of the above.
E
Economics
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If a perfectly competitive industry's long-run supply curve is downward sloping, we can conclude that input prices will:
a. increase as industry output increases. b. decrease as industry output increases. c. remain constant as industry output increases. d. none of these conclusions can be drawn.
Economics
The insider-outsider theory implies that:
A. wages are flexible both upward and downward. B. unemployment quickly reduces market wages. C. agents pursue their own agendas, sometimes at the expense of principals. D. wages may be inflexible downward.
Economics