One concern over external national debt is that interest and principal payments transfer wealth overseas. The percentage of the national debt held in recent years by foreigners is approximately:

In the absence of property rights, factories will dump waste into a waterway up to the point where ________ equals ________

A) marginal social cost; marginal social benefit B) marginal social cost; marginal private cost C) marginal private cost; marginal private benefit D) marginal private cost; marginal social cost

The less elastic is the demand for a firm's product, the greater is that firm's market power

Indicate whether the statement is true or false