U.S. Treasury bills are considered the safest of all money market instruments because there is a low probability of

A) defeat.
B) default.
C) desertion.
D) demarcation.


B

Economics

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The figure above shows the U.S. production function. How would an increase in unemployment benefits be shown in the figure?

A) a movement from point C to point B B) a movement from point A to point B C) an upward shift or rotation of the production function D) a downward shift or rotation of the production function E) None of the above because the effects of an increase in unemployment benefits cannot be shown in the figure.

Economics

If a one percent increase in the price of bananas leads to a one percent decrease in the quantity of bananas demanded, then the demand for bananas is

A) elastic. B) inelastic. C) unit-elastic. D) perfectly inelastic.

Economics

A good with an income elasticity of 0.4 is:

A. a luxury good. B. a normal good. C. an inferior good. D. a substitute good.

Economics

Which of the following does not meet the economic definition of saving?

A. A graduate assistant spends all of his income on tuition B. A student deposits money in her savings account C. A professor spends less than he makes each month D. The president's secretary puts cash under her mattress

Economics