On which of these bonds is the prospect of default least likely?
a. a junk bond
b. a bond issued by the state of Arizona
c. a bond issued by the federal government
d. a bond issued by General Electric Corporation
c
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What are the five most important variables that cause the market demand curve for labor to shift?
What will be an ideal response?
If Sean sells Susan a DVD player for $30,
a. the well-being of both parties will be unchanged. b. both Sean and Susan will gain from this transaction. c. Sean will gain from the transaction, but Susan will lose. d. Susan will gain from the transaction, but Sean will lose.
Which of the following is possible when the market fails?
A. It is impossible for government intervention to improve the mix of goods and services. B. The mix of goods and services is at the correct point on the production possibilities curve. C. The mix of goods and services is the optimal mix. D. The mix of goods and services is on the production possibilities curve.
Refer to the graph shown. When the market is in equilibrium, producer surplus is area:
A. A. B. D plus area E plus area F. C. F. D. A plus area F.