Moody's gives junk bonds a rating below
A) Aaa.
B) Aa.
C) A.
D) Baa.
D
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Which of the following is true about the U.S. federal government budget for the year 1998?
A. Federal government receipts were greater than federal government spending for the first time in a generation. B. The U.S. Constitution was amended to require a balanced federal budget. C. Federal government outlays were greater than federal government receipts for the first time in a generation. D. The federal budget deficit was the largest in history.
The average tariff rate in the US today is about 40 percent, but it was only 1.6 percent in 1946
Indicate whether the statement is true or false
The key feature of monopolistic competition is
A. product differentiation. B. interdependence of the firms. C. lack of advertisement. D. the small number of firms in the industry.
The table shows the distribution of human and non-human capital for two people, Sam and Janet
a) Looking just at tangible assets (non-human capital), by how many times does Janet's wealth exceed Sam's? b) Assume that both human and non-human capital earn a 10 percent annual interest rate. Calculate Sam's and Janet's total income. c) By how many times does Janet's total income exceed Sam's? d) Which comparison results in a more equal distribution? e) Which comparison gives a better indication of each person's economic condition?