If you purchase a Treasury bond, the Treasury bond is
A) an asset to you as well as an asset to the U.S. government.
B) an asset to you, but a liability to the U.S. government.
C) a liability to you, but an asset to the U.S. government.
D) a liability to you as well as a liability to the U.S. government.
B
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Francis Crawford recently received a 20 percent wage increase and desires to work less. We can conclude that at his current wage his supply of labor curve
A) has a negative slope. B) is vertical. C) has a positive slope. D) is U-shaped.
If a payout is certain to occur, then the variance of that payout equals
A) zero. B) one. C) the expected value. D) the expected value squared.
If a firm chooses to produce output at the point where MR equals MC,
a. then TR - TC will be maximized if there is a profit b. economic profits will be zero c. there will be positive accounting profits d. there will be positive economic profits e. average cost must equal average revenue
Which of the following likely occurs when households and firms become more pessimistic?
a. increased spending b. increased aggregate demand c. increased real GDP d. an increase in the unemployment rate