Refunding the debt refers to
a. selling new bonds to raise money to pay off maturing bonds.
b. raising taxes to lower the national debt ceiling.
c. raising the debt ceiling to allow the government to issue more debt.
d. Fed purchases of government bonds in the open market.
a. selling new bonds to raise money to pay off maturing bonds.
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The above figure shows the market for a particular good. If the market is controlled by a perfect-price-discriminating monopoly, producer surplus equals
A) A + B + C + D + E. B) D + E. C) E. D) zero.
Automobile manufacturers view the assembly-line workers as
A) capital services. B) labor services. C) materials. D) None of above.
An inefficient manufacturing base is likely to result when:
a. only those goods are produced in which the domestic economy has a comparative advantage. b. a newly developing economy has no international trade controls. c. competitive foreign imports are restricted. d. the economy produces only those goods in which it has technical expertise. e. producers compete solely on the basis of low cost.
It was the rapid and system-wide deleveraging that contributed to the downward spiral of the 2008 financial crisis
a. True b. False.