A bond is A. A person who buys items at an low price hoping to sell them later at a much higher price

B. Someone to whom money is owed

C. The failure to repay a debt when its. due

D. A certificate stating how much money a government will pay at some future date

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.