An example of an external debt is
a. French public debt held by Americans
b. French investment in the United States financed by French debt
c. French government debt held by French banks
d. French public debt issued by French private companies
e. U.S. government debt held by the Federal Reserve System
A
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Graphically, producer surplus is the:
A) difference between the demand curve and the price a consumer pays. B) difference between the supply curve and the price a consumer pays. C) difference between total cost and total revenue. D) product of price of a good and quantity sold.
Some markets have many buyers and sellers but fall into the category of monopolistic competition rather than perfect competition. The most common reason for this is
A) firms in these markets make high profits. B) there are high barriers to entering these markets. C) firms in these markets sell identical products. D) firms in these markets do not sell identical products.