A soft budget constraint applies when enterprises that earn profits distribute those profits to their private owners

Linder's hypothesis provides an explanation for

A) increasing returns to scale. B) imperfect competition. C) intraindustry trade. D) All of the above.

Net public debt is the

A. sum of accumulated government deficits and surpluses held by large money center banks. B. difference between tax revenues and government expenditures each year. C. sum of accumulated government deficits and surpluses held by U.S. government agencies. D. sum of accumulated government deficits and surpluses held by individuals and businesses and foreign institutions.