To finance a federal budget deficit, the U.S. Treasury borrows by selling:
a. Treasury bills.
b. Treasury notes.
c. Treasury bonds.
d. All of the answers are correct.
d
Economics
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Assuming farmers can plant either corn or soybeans, as U.S. farmers plant more corn to meet rising global demand
A) the opportunity cost of producing corn increases. B) the opportunity cost of producing corn decreases. C) the U.S. PPF for corn and other goods and services shifts outward. D) the United States produces at a point beyond its PPF.
Economics
Which area in the above figure shows the producer surplus at the price and quantity that would be attained if the industry were perfectly competitive?
A) A + B + C + D + E B) C + D + E + F + G + H C) F + G + H D) F + G + H + I + J + K
Economics