The greatest appeal of U.S. Treasury securities is that
A) they have high yields.
B) they have no default risk.
C) the U.S. Treasury will repurchase them at any time.
D) their market prices fluctuate very little.
B
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Consider the following five investments. If the nominal interest rate is five percent, which projects should be undertaken? (Note: The returns are for one period later.)
Investment Cost Returns A $100 $106 B 300 313 C 200 218 D 50 55 E 400 418
The marginal propensity to consume is
a. disposable income divided by consumption. b. the change in consumption divided by the change in disposable income. c. consumption divided by disposable income. d. the change in disposable income divided by the change in consumption.
The best measurement for comparing the standard of living between two countries is:
A. The ratio of current GDP to GDP in the base period. B. GDP per capita. C. Investment as a percentage of GDP. D. GDP per worker.
Which of the following is not a result of imposing a rent ceiling?
A) There is a reduction in the quantity of apartments supplied. B) The marginal benefit of the last apartment rented is greater than the marginal cost of supplying it. C) There is an increase in the quantity of apartments demanded. D) Some consumer surplus is converted to producer surplus.