Which of the following can issue bonds?
A) the government
B) corporations
C) government agencies
D) all of the above
D
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Suppose the quantity of x is measured on the horizontal axis. If the income consumption curve is vertical, then the income elasticity of demand for x is
A) 0. B) 1. C) -1. D) There is not enough information to determine the income elasticity of demand for x.
From the time of Benjamin Franklin to the present, the percentage of the average American's income that goes to pay taxes has
a. decreased from about 20 percent to about 10 percent. b. remained constant at about 10 percent. c. has risen from less than 2 percent to about 33.3 percent. d. has risen from less than 5 percent to about 25 percent.
Suppose a price floor is imposed on eggs above their equilibrium price. The likely result will be:
A. a higher equilibrium price for eggs as the supply curve for eggs shifts left. B. a lower equilibrium price for eggs as the demand curve for eggs shifts left. C. a decrease in the quantity of eggs demanded. D. an increase in the quantity of eggs demanded.
Refer to the four graphs below. In which graph would the indicated shifts cause equilibrium quantity to definitely rise, but the effect on price is indeterminate?
A. Graph A
B. Graph B
C. Graph C
D. Graph D