Someone who holds a corporate bond ______.
a. owns part of a company
b. is a creditor to a company
c. owes money to a company
d. is an employee of a company
b. is a creditor to a company
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The production function Q = 0.8X + 0.6Y exhibits
A) increasing return to scale. B) decreasing returns to scale. C) constant returns to scale. D) economies of scale.
Which of the following is false?
a. Once a country has a comparative advantage in producing a good, that comparative advantage will always continue. b. If you can mow the lawn at home faster than your younger brother, you have a comparative advantage over him in mowing the lawn. c. Restrictions on trade will reduce people's degree of specialization according to comparative advantage d. As practice at producing what you have a comparative advantage in makes you better at it, your comparative advantage would tend to increase.
International trade under a floating exchange rate system
a. has been trouble-free owing to the stabilizing role of speculators in the currency markets. b. has suffered from so many problems that the volume of trade has declined significantly. c. exposes businesses to unavoidable risks when exchange rates change. d. has been subject to wild runs on currencies that were on the verge of devaluation.
Under the Toxic Substances Control Act (TSCA)
a. a registration procedure is used to control the introduction of new chemical substances b. manufacturers are required to notify the government of a new chemical by the day it is introduced into commerce c. producers must notify the government 90 days before they plan to produce a new chemical d. the EPA has one year to evaluate the risks and respond to a manufacturer’s premanufacture notice (PMN) of a new chemical