Generally, the longer the maturity on a bond, the lower the interest rate
a. True
b. False
B
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Your textbook uses supply and demand curves together to illustrate
A) the level of output needed by individuals. B) the level of output needed by society. C) how economists are necessary to make markets to work effectively. D) how market prices play a key role in coordinating the plans of sellers and buyers. E) all of the above.
When a firm has been granted a trademark, which grants legal protection against other firms using the name of the product that has been granted the trademark, the firm
A) does not have to worry about legally enforcing the trademark; this is the responsibility of the legal system. B) still faces the possibility that the name will become widely used and no longer associated with a specific company. C) still must apply for a copyright and a patent to ensure that no other firm will use the product's name. D) must spend an annual amount on advertising the product each year; the amount it must spend is negotiated by the firm and the government agency that grants the trademark.
An effective import quota will
a. increase the revenue received by the exporting nation b. eliminate all incentives for trade between nations c. reduce the quantity demanded of the imported good d. lead to a lower domestic price e. lead to a higher price in the exporting nation
Refer to the figure below. Assume the market is originally at point W. Movement to point Z is a combination of: 
A. an increase in demand and an increase in quantity supplied. B. an increase in supply and an increase in demand. C. a decrease in supply and an increase in quantity demanded. D. an increase in supply and an increase in quantity demanded.