1 The national debt a. is the amount of money the government owes to its creditors b. can include past budget deficits c. both A and B d. none of the above 2 Perfect competition exists when a. firms...

1 The national debt

a. is the amount of money the government owes to its creditors

b. can include past budget deficits

c. both A and B

d. none of the above

2 Perfect competition exists when

a. firms are small in size but large in number

b. prices are set by the market

c. products are undifferentiated

d. all the above