Total debt is more important in figuring out the ability of a country to service its debt than are debt to GDP and debt to export ratios

Demand-pull inflation is typically caused by rapidly rising costs of production

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

Refer to the payoff matrix below. If Best Treats announces that it will introduce the new health snack, Healthy Snacks ________ believe Best Treats as their incentives ________ align.

Healthy Snacks and Best Treats are two firms competing in the health food snacks market. Both are considering introducing a new health food snack made purely of dried power fruits. The payoff matrix shows their net economic profit in millions for the different strategies.


A) should not; do
B) should; do
C) should not; do not
D) should; do not