The national debt is unlikely to cause national bankruptcy because the:
A. national debt can be refinanced by issuing new bonds.
B. interest on the public debt equals GDP.
C. national debt cannot be shifted to future generations for repayment.
D. federal government cannot refinance the outstanding national debt.
Answer: A
Economics
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Involuntary part-time workers are not working more hours due to
A) economic reasons. B) a lack of training and skills. C) an increase in the labor force. D) family reasons. E) educational commitments.
Economics
Refer to the scenario above. Suppose the discount weight attached to the future benefit is 1/5. People will earn a net benefit equal to:
A) -500 utils. B) -700 utils. C) 860 utils. D) 900 utils.
Economics