Bonds with relatively low risk of default are called ________ securities and have a rating of Baa (or BBB) and above; bonds with ratings below Baa (or BBB) have a higher default risk and are called ________
A) investment grade; lower grade
B) investment grade; junk bonds
C) high quality; lower grade
D) high quality; junk bonds
B
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Common property resources tend to be
A) overused. B) underused. C) not used at all. D) efficiently used. E) used by the government only.
Profit-maximizing price level
A. is OE.
B. is OF.
C. is OG.
D. cannot be found on this graph.
At equilibrium, deadweight loss is zero.
Answer the following statement true (T) or false (F)
Refer to Figure 21-5. Assume that a consumer faces the budget constraint shown in graph
(a) In January and the budget constraint shown in graph
(b) In February. If the consumer's income has remained constant, then what has happened to prices between January and February?
A. The price of X has fallen, but there could not have been a change in the price of Y.
B. The price of Y has fallen, but there could not have been a change in the price of X.
C. The price of X has fallen, and the price of Y has risen.
D. The price of Y has fallen, and the price of X has risen.