In 2007, the National Collegiate Athletic Association put a moratorium on new Football Bowl Series (formerly Division IA) teams. This policy will
A) protect the producer surplus of existing football programs.
B) ensure that when entry occurs, producer surplus will not be zero.
C) ensure that when entry occurs, producer surplus will be positive.
D) ensure that consumer surplus is greater in the future.
A
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A default happens when a:
A. borrower fails to pay back a loan according to the agreed-upon terms. B. lender fails to allot money according to the terms set by the government. C. borrow pays back a loan early. D. bank fails to have enough cash on hand to give all depositors their money.
Exhibit 10-8 Aggregate demand and supply
In Exhibit 10-8, when aggregate demand shifts from AD4 to AD5, the economy experiences:
A. cost-push inflation. B. cost-pull inflation. C. demand-push inflation. D. demand-pull inflation.
What is the function of risk premium?
A. To compensate bondholders for the chance the borrower will not repay the loan. B. To raise the return to holding government bonds. C. To make sure that the value of the bond rises with inflation. D. To distinguish short from long-term bonds.
The situation when the price of most goods and services are falling over time is called:
A. inflation. B. deflation. C. a boom. D. disinflation.