Of the US National Debt That Is Held by the Public, _____

question 5

Multiple Choice

Of the U.S. national debt that is held by the public, _____ hold about ____.

• A) foreigners; 74%
• B) foreigners; 30%
• C) Americans; 30%
• D) foreigners; 40%

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Definitions:

Rent-Seeking Behavior

Activities by individuals or firms aimed at securing economic gain without contributing to productivity, typically through political lobbying for favorable regulations or monopolistic advantages.

X-Inefficiency

The difference between efficient production levels and actual production due to mismanagement, lack of competitive pressure, or other organizational inefficiencies.

Pure Competition

A market structure characterized by an extremely large number of sellers and buyers where no single participant has the market power to influence product prices.

Oligopoly

A market structure characterized by a small number of firms controlling a large portion of the market share, often leading to limited competition.