Low standards reduce production costs and change a nation's comparative advantage

In the United States, interest payments on the federal debt were about ________ of total federal expenditures in 2011, and therefore large tax increases or significant cutbacks in other types of federal spending are generally considered ________ for

the government to be able to continue making the interest payments. A) 55%; necessary B) 28%; unnecessary C) 28%; necessary D) 6%; unnecessary

Income inequality has risen in recent years due to a rise in labor's share of national income as a result of globalization

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