Financial instruments whose payoffs are linked to previously issued securities are called
A) grandfathered bonds.
B) financial derivatives.
C) hedge securities.
D) reversible bonds.
B
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Refer to the table below. What is Crunchy Fruits total marginal cost to produce 11,750 units?
Crunchy Fruits makes dried fruit snacks. Crunchy Fruits has a multi-plant firm with two production facilities. The table above summarizes the marginal cost of production at the individual plants and the corresponding quantity produced at the individual plants.
A) $2.00
B) $2.25
C) $3.25
D) $1.25
A common solution to the free-rider problem is for
a. government to subsidize consumption of the good. b. government to provide the good and then pay for its production through taxation. c. government to provide vouchers to consumers of the good.
A major difference between social insurance and public assistance is that the:
A. former is regarded as an earned right while the latter is public charity. B. latter is regarded as an earned right while the former is public charity. C. latter is financed through earmarked payroll taxes and the former is financed by general tax revenues. D. former are state and local programs while the latter are federal programs.
If market price is equal to equilibrium price
A. there is a surplus. B. there is a shortage. C. there is neither a surplus nor a shortage.