U.S. Treasury securities
A) are considered risk free because their prices never change.
B) have been defaulted on several time in U.S. history.
C) are considered default-risk-free instruments.
D) have a large default risk premium.
C
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The total burden of a tax equals tax receipts plus excess burden.
Answer the following statement true (T) or false (F)
Monopolies will tend to overproduce goods and charge a higher price than the competitive price.
Answer the following statement true (T) or false (F)
Table 10.1Refer to Table 10.1, which shows the relationship between the price that Gladys charges for a product and the quantity of that product that Gladys sells. Gladys' marginal revenue becomes negative starting with the production of which unit?
A. 2 B. 4 C. 6 D. None of these; marginal revenue is always positive or zero.
To know whether a particular situation for a family, business, or government involves an equilibrium or not, one must
A. determine whether a particular portion of the accounts are in balance or not. B. determine whether the credits equal the debits. C. understand the circumstances fully. D. determine whether the accounts are in balance.