What does it mean for the government to "roll over" its debt?
a. Buying bonds from the public to pay off old bonds
b. Continuing to pay interest on old bonds
c. Issuing new bonds to pay off old bonds
d. Running a budget surplus to pay off old bonds
e. Printing money to pay off old bonds
C
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If a university expects $160,000 in ticket revenue from five home football games and $180,000 in ticket revenue if it adds a sixth game, the
A) marginal revenue of the sixth game is $20,000, B) marginal revenue of the sixth game is $30,000. C) sixth game will cost more than each of the previous five games. D) university should add a sixth game only if the average cost of a game is less than $30,000.
When there are many goods is that in a barter system
A) transactions costs are minimized. B) there exists a multiple number of prices for each good. C) there is only one store of value. D) exchange of services is impossible.
Assume that increasing the utility of the transfer recipient is the only criterion cared about. When comparing a cash transfer payment to an in-kind payment of an equal value it is clear that _____
a. the recipient is always better off with a cash transfer b. the recipient is never worse off with a cash transfer c. the two are identical d. the recipient would prefer an in-kind payment if legally possible
The Fed's control over interest rates, quantitative easing, and direct lending to financial institutions are some of the tools of
A. fiscal policy. B. margin control. C. monetary policy. D. discount policy.