Private goods can have external benefits.
Answer the following statement true (T) or false (F)
True
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The difference between the corporate bond rate and the risk-free rate of Treasury bonds is called
A) risk premium. B) term premium. C) Fed's premium. D) monetary premium.
In perfect price discrimination, consumer surplus is zero because each consumer pays: a. the market price
b. the cost price. c. peak load price. d. the reservation price
Government decisions tend to be biased against actions that have
a. current costs and future benefits that are both easily observable. b. future costs that are difficult to identify and current benefits that are easily observable. c. future costs and future benefits that are both difficult to identify. d. current costs that are easily observable and future benefits that are difficult to identify.
If orange juice and apple juice are substitutes, an increase in the price of orange juice will shift the demand curve for apple juice to the left
a. True b. False Indicate whether the statement is true or false