Savings bonds differ from most other bonds in that-
What will be an ideal response?
Answer: the buyer does not receive periodic interest payments in exchange for a lower purchase price.
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Which of the following occurs with both perfectly price discriminating and single-price monopolies?
A) The amount of output is inefficient. B) All consumer surplus goes to the monopoly. C) Deadweight loss is created. D) There is a redistribution of consumer surplus to the monopoly.
If a production function is given by the equation Q = 12X + 10X2 - X3, where Q = Output and X = Input, then calculate the equations for
a. average product b. marginal product c. point of diminishing average returns d. point of diminishing marginal returns
Which of the following would necessarily increase the equilibrium interest rate?
a. The demand for and the supply of loanable funds shift right. b. The demand for and the supply of loanable funds shift left. c. The demand for loanable funds shifts right and the supply of loanable funds shifts left. d. The demand for loanable funds shifts left and the supply of loanable funds shifts right.
Which of these is the basis of international trade?
A. Absolute advantage B. Comparative advantage C. Both comparative advantage and absolute advantage D. Neither comparative advantage nor absolute advantage