Promissory notes issued by the federal government when it borrows money are known as
A. Treasury bonds.
B. Treasury shares.
C. Treasury stocks.
D. none of the above.
Answer: A
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The more difficult it is for a firm to adjust its labor force in the face of economic fluctuation, the more likely the firm is to hire new workers
a. True b. False Indicate whether the statement is true or false
Use the above table. Based on the information in the table, artisan bread is a(n)
A. inferior good. B. negative good. C. necessary good. D. normal good.
If the elasticity of supply is 4, a 10 percent increase in the price of a good leads to a
A) 40 percent increase in the quantity of supply. B) 4 percent decrease in the quantity demanded. C) 2.5 percent increase in the quantity supplied. D) 2.5 percent decrease in the quantity demanded.
The market for used cars is shown in the above figure. Ten percent (10%) of all cars are lemons. A mechanic is offering to inspect a car for sale and certify that a car is not a lemon
If car sellers are risk neutral, what is the highest price that a car seller would pay for such a service? Who would buy this service?