Your text identifies all of the following as reasons why unsustainable debt may occur EXCEPT
A) when countries are dependent on one or two key export commodities, and there is a sudden drop in the price of those commodities.
B) when natural disasters occur.
C) when civil conflicts are resolved and a peace dividend occurs.
D) when there are corrupt politicians and practices.
E) when government officials try to buy votes with unsustainable spending.
C
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A supply curve is the same as a
A) total cost curve. B) marginal cost curve. C) total benefit curve. D) marginal benefit curve. E) deadweight loss curve.
If the opportunity cost of corn to wheat is 3:1 in the United States and 5:1 in France, both countries would benefit from trade if the actual terms of trade between corn and wheat were 4:1.
Answer the following statement true (T) or false (F)