Bonds with relatively high risk of default are called
A) Brady bonds.
B) junk bonds.
C) zero coupon bonds.
D) investment grade bonds.
B
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If a graph has a line that shows the quantity of flat-screen televisions sold in the last five years, it is known as
A) a pie chart. B) a demand curve for outsourcing. C) a time-series graph. D) a supply curve of outsourcing.
Suppose that Home is a capitalabundant country. When Home trades with Foreign, a laborabundant country, the HO model predicts that the price of:
a. the laborintensive good will rise in Home. b. the laborintensive good will rise in Foreign. c. the capitalintensive good will rise in Foreign. d. the capitalintensive good will fall in Home.
Once a government has provided a public good, everyone:
A. pays the cost. B. experiences negative externalities. C. experiences positive externalities. D. can obtain the benefit.
If one person's consumption of a good does not preclude another's consumption, the good is said to be:
A. nonrival in consumption. B. rival in consumption. C. nonexcludable. D. excludable.