When the U.S. Treasury issues new bonds to replace bonds that have matured, it is engaging in
A. Income transfers.
B. Debt servicing.
C. Discretionary fiscal spending.
D. Debt refinancing.
Answer: D
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Which is not true of the interest rate?
A. It is the price at which funds can be rented. B. It is the price at which funds can be borrowed. C. It affects the marginal revenue product of capital. D. It does not affect the marginal revenue product of capital.
Which of the following countries has the most economic freedom?
a. Venezuela b. Zimbabwe c. Hong Kong d. Cuba
Mary wants to open her own taco stand. Which of the following will probably happen?
a. She will start up her business in a year because she has to wait to get government approval. b. She will start up her business in a month because of low cost and ease of entry. c. She will take six months to start her business because of all the government certificates she has to get. d. She will take three months to start her business because she has to borrow to pay start-up fees.
If this is a closed economy, how many bushels of corn will be produced?
A. 600 million bushels B. 900 million bushels C. 300 million bushels D. 150 million bushels