The least common form of business organization in the United States is the partnership
a. True
b. False
A
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A bond that is bought at a price below its face value and the face value is repaid at a maturity date is called a
A) simple loan. B) fixed-payment loan. C) coupon bond. D) discount bond.
Adverse selection arises when:
A. the wants of both parties are aligned with one another. B. buyers and sellers have different information about the quality of a good or the riskiness of a situation. C. buyers and sellers with the same information about the quality of a good or the riskiness of a situation seek each other out. D. people behave in a riskier way because they have incomplete information.
Production at points beyond the production possibilities frontier cannot be attained unless there is an increase in resources or an improvement in technology.
Answer the following statement true (T) or false (F)
How did the price change in the long run when DSR shifted to DLR?
a. It fluctuated.
b. It remained constant.
c. It decreased.
d. It increased.