The coupon equivalent yield on a six-month Treasury bill that has a $1,000 face value and sells for $960 is
A) 6.5 percent.
B) 8.3 percent.
C) 9.5 percent.
D) 9.8 percent.
B
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Monopolies are characterized by all of the following, except one. Which is the exception?
a. a downward-sloping demand curve b. potential for long-run profits c. a perfectly elastic demand curve d. barriers to entry e. no close substitutes for the good produced
Think about a publishing firm that uses labor, ink, paper, and electricity as its variable inputs, and rents building space and printing presses as its fixed inputs. Describe how this publisher's short-run response to an increase in its labor costs would differ from its short-run response to an increase in one of its fixed costs
Research confirms that government provision of infrastructure:
A. promotes economic growth. B. leads to reduced spending on research and development. C. increases human capital. D. hinders economic growth.
When a Pigouvian subsidy is imposed on a market with a positive externality efficiency:
A. is not affected. B. increases. C. decreases. D. drops to zero.