Property and casualty insurance companies hold the largest share of their assets in
A) long-term government bonds.
B) short-term government securities and commercial paper.
C) tax-exempt municipal bonds and U.S. government securities.
D) medium-term corporate bonds.
C
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Refer to Figure 2-11. What is the opportunity cost of producing 1 pound of cashews in Pakistan?
A) 3/8 of a bolt of cotton B) 5/8 of a bolt of cotton C) 1 3/5 bolts of cotton D) 240 bolts of cotton
As aggregate output rises, the demand for money ________ and the interest rate ________, so that money demanded equals money supplied and the money market is in equilibrium
A) increases; rises B) increases; falls C) decreases; rises D) decreases; falls
It is assumed in economics that people make decisions based upon
A) altruism. B) rational self-interest. C) tradition. D) governmental persuasion.
A rightward shift of a demand curve represents a decrease in demand
a. True b. False