When scarce resources can serve only one user at a time in sequence, which method works well for allocating the scarce resources?
A) first come, first served
B) lottery
C) contest
D) command system
A
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Suppose that your marginal federal income tax rate is 30%, the sum of your marginal state and local tax rates is 5%, and the yield on a thirty-year corporate bond is 10%
You would be indifferent between buying this corporate bond and buying a thirty-year municipal bond issued within your state (ignoring differences in liquidity, risk, and costs of information) if the municipal bond has a yield of A) 6.5%. B) 7.0%. C) 9.5%. D) 10.0%.
What is the length of a term for the Chairman of the Board of Governors?
A) one year B) four years C) 14 years D) 28 years
Normative analysis offers decision makers the most valuable information when choosing among alternatives
Indicate whether the statement is true or false
For a market for a good or service to exist, there must be a
a. group of buyers and sellers. b. specific time and place at which the good or service is traded. c. high degree of organization present. d. All of the above are correct.