For investors, commercial paper is a close substitute for
A) U.S. Treasury bills.
B) U.S. Treasury bonds.
C) corporate bonds.
D) municipal bonds.
A
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For a linear demand curve that is downward sloping, the marginal revenue curve
A) will be to the left of the demand curve and twice as steep. B) will be to the right of the demand curve and twice as steep. C) will be to the left of the demand curve and half as steep. D) will be the same as the demand curve.
A price ceiling is
A) the lowest price a seller can charge without losing all of its customers. B) a legal minimum price below which a good or service cannot be sold. C) a legal price above which a good or service cannot be sold. D) a nonprice rationing device.
The horizontal dotted line is
A. a price ceiling.
B. a price floor.
C. either a price ceiling or a price floor.
D. neither a price ceiling nor a price floor.
For price variability in agricultural crops, U.S. weather-related issues fall under the category of
A. static variability. B. supply variability. C. demand variability. D. demand and supply variability.