A nonmarketable bond that is the most commonly held form of public debt is a
a. U.S. Treasury bond
b. U.S. Treasury bill
c. U.S. savings bond
d. U.S. Treasury note
e. U.S. Treasury debenture
C
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When a country's currency is devalued
A) output decreases. B) output increases and the money supply decreases. C) the money supply decreases. D) output decreases and the money supply increases. E) both the output and the money supply increases.
The profit-maximizing monopolist will operate in a price range over which
A. demand is inelastic. B. supply is elastic. C. demand is elastic. D. the price elasticity of demand is less than 1.
Two characteristics of a modern economy are
A. barter and self-sufficiency. B. specialization and exchange. C. a low standard of living a high poverty rate. D. self-sufficient workers and very little international trade.
Based on the information in the above table, the price of A is $3, the price of B is $2, and the price of C is $5. If Lauren has $22 to spend, what combination of products A, B, and C should she buy in order to maximize her satisfaction?
A. 2 units of product A; 1 unit of product B; 4 units of product C B. 3 units of product A; 3 units of product B; 1 unit of product C C. 3 units of product A; 4 units of product B; 1 units of product C D. 3 units of product A; 4 units of product B; 0 units of product C