Compared to Treasury bills, commercial paper
A) has no default risk.
B) does not have much of a secondary market.
C) has a lower yield.
D) sells at a higher price for.
B
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Firms hire labor at the point where the
A) nominal wage rate equals the marginal product of labor. B) real wage rate equals the marginal revenue product of labor. C) nominal wage rate equals the marginal revenue product of labor. D) real wage rate equals the marginal revenue product of capital.
Which formula is correct?
A. Yd + S = C B. Yd × S = C C. Yd = S + C D. Yd + C = S
When there is only one buyer in a market, there is a
A. buyer's monopoly. B. buyer's cooperative. C. monopsony. D. monopoly.
Most doctors are employed by the government and most hospitals are owned by the government in
A) Canada. B) Japan. C) the United Kingdom. D) the United States.