A corporate bond is a promissory note issued by a firm when it borrows money.
Answer the following statement true (T) or false (F)
True
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Prices usually allocate resources efficiently because they allocate
A. consumption to the highest cost of good or service. B. resources to the lowest value good or service. C. consumption to the lowest value good or service. D. resources to the highest value good or service.
When a good is subsidized by the government, the amount of the good produced or consumed declines
a. True b. False Indicate whether the statement is true or false
Picture the production possibilities curve shifting out, year after year, but the shifts are not necessarily the same. This picture is at the heart of the _______ explanation of the twists, turns, and spurts of economic growth
a. market theorists b. housing cycle c. innovations cycle theorists d. real business cycle theorists e. internal cycle theorists
Buying insurance and then never making a claim:
A. means buying the insurance was a bad decision. B. does not mean buying the insurance was a bad decision. C. is a poor use of money. D. is considered by economists to be irrational behavior.