Until the 1980s, most of the national debt was
a. owned by foreigners.
b. acquired either during wars, especially World War II, or during recessions.
c. owned by banks.
d. financed by printing money.
b
Economics
You might also like to view...
People seldom break a line while waiting for checkout in a supermarket. This is an example of a ________ to solve an externality
A) Coasian approach B) Pigouvian approach C) command and control mechanism D) social enforcement mechanism
Economics
Tom and Jerry are the only members of society. The table above shows their marginal benefits from defense satellites, a public good. If the marginal social cost of a satellite is $95, the efficient quantity of satellites is
A) 0. B) 1. C) 2. D) 3.
Economics