The net national debt is smaller than the gross national debt because
a. some debt is held by foreigners.
b. some debt is held by U.S. citizens.
c. some debt is held by government agencies.
d. the government does not have to pay all of the debt.
c
Economics
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The phrase "price-taker" means
A) that market price is independent of the output of a single firm. B) each firm faces a perfectly elastic demand curve. C) that price and marginal revenue are the same. D) all of these choices.
Economics
Frictional unemployment is a sign of a healthy economy because
A. workers become more productive after taking vacations. B. economic growth remains steady. C. workers seek labor where they can provide the most value to their respective employer. D. wages fall, which forces workers to compete.
Economics