Bonds may be issued by all of the following except
A. Corporations.
B. The federal government.
C. Individuals.
D. Local governments.
Answer: C
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At the equilibrium price
a. only sellers who value the product more than the equilibrium price would be willing to sell b. only buyers who value the product less than the equilibrium price would be willing to buy c. only buyers who value the product more than the equilibrium price would be willing to buy d. None of the parties would be willing to trade
One lesson policymakers have learned, and which was evident from Japan's experience in 2002, is:
A. an intervention in the foreign exchange market is almost always effective if done on a regular basis. B. in order for foreign exchange interventions to work, they must be frequent and expected. C. an intervention in the foreign exchange market will not work unless accompanied by a change in the policy interest rate. D. for an intervention in the foreign exchange market to work, the interest rate must be held constant by the central bank.
Which statement is true?
A. The supply curve in the market period is always perfectly inelastic. B. The supply curve for a perishable good, such as ripe strawberries, is perfectly elastic. C. Business firms cannot respond to increases in demand for their product in the short run. D. The long-run supply curve is more elastic than the short-run supply curve.
The productivity standard for the distribution of income can be thought of as
A) rewarding people according to their ability to produce useful goods. B) benefiting only the least productive worker. C) proving that egalitarians are correct. D) rewarding only the wealthy.