In 2011, Standard & Poor's (S&P) changed its rating on U.S. Treasury bonds from ________ based on the state of the federal government's budget deficit
A) "A" to "D"
B) "A" to "AAA"
C) "A+" to "B+"
D) "AAA" to "AA+"
Answer: D
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Which of the following combinations of points are both efficient and attainable for this economy?
a. G, H
b. J, K
c. F, I, L
d. F, G, H, I, L
The above table gives the market demand and market supply schedules for soda. What is the maximum price consumers are willing to pay for the 400th can of soda?
A) $0.80 per can B) $0.70 per can C) $0.60 per can D) $0.50 per can
The term net exports refers to:
a. the situation in which a country's exports exceed its imports. b. the situation in which a country's imports exceed its exports. c. the shortages that result when a country imposes a price ceiling. d. the shortages that result when a country imposes a price floor. e. the difference between the value of exports and the value of imports.
________ states that under certain conditions, private parties can arrive at an efficient solution without government involvement.
A. The free-rider hypothesis B. The impossibility theorem C. The Tiebout hypothesis D. The Coase theorem