The difference between the gross public debt and the net public debt is
A. the sum of all previously accumulated government budget deficits and surpluses.
B. all private-sector borrowing from private sources.
C. the sum of all previously issued U.S. government securities that have been purchased by foreign residents.
D. borrowing of government agencies from other government agencies within the nation.
Answer: D
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To enforce the optimum level of emissions a government could set an emissions standard at the quantity
A) where the MSB curve crosses the MCA curve. B) located at the vertical intercept of the MSB curve. C) located at the horizontal intercept of the MSB curve. D) located at the vertical intercept of the MCA curve. E) located at the horizontal intercept of the MCA curve.
The costs associated with the negotiation and enforcement of an agreement are
A) property costs. B) resource factor costs. C) transaction costs. D) attorney fees.