Municipal bonds
A) are issued by state and local governments.
B) pay interest that is fully taxable.
C) are issued by corporations.
D) are issued by the federal government.
A
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The costs of economic growth include all of the following except consumption sacrificed for:
A. acquiring new human capital B. research and development into new technologies C. physical capital formation D. additional hours of leisure
We say that equilibrium in a perfectly competitive market is allocatively efficient because
a. the sum of consumer and producer surplus is maximized b. the sum of consumer and producer surplus is minimized c. the sum of consumer and producer surplus is zero d. consumer surplus is maximized e. producer surplus is zero
In 2002, what country’s banking system went bankrupt because of a sharp depreciation of its exchange rate?
a. Chile b. Malaysia c. Argentina d. United States
Which of the following statements best describes the U.S. labor force since World War II?
a. Total employment grew, but the labor force participation rate fell. b. Total employment grew, and so did the labor force participation rate. c. Total employment grew, but the labor force participation rate remained unchanged. d. Total employment remained constant, but the labor force participation rate fell. e. Total employment remained constant, but the labor force participation rate rose.