Which of the following is a single statistic that summarizes a rating agency's view of the issuer's likely ability to make the required payments on its bonds?
A) grade
B) bond rating
C) speculation
D) yield
B
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A circuit breaker is concerned with
A. faulty tax wiring. B. residential property taxes. C. corporate tax systems. D. block grants.
When attempting price regulation a government faces what problem(s)?
A) limited information B) bribes C) uncooperative firms D) All of the above.
Suppose that in each of four successive years producers sell more of their product and at lower prices. This could be explained:
A. by small annual increases in supply accompanied by large annual increases in demand. B. in terms of a stable supply curve and increasing demand. C. in terms of a stable demand curve and increasing supply. D. as an exception to the law of supply.
The study of individual choice is a focus in:
A. microeconomics. B. macroeconomics. C. Ricardian economics. D. normative economics.