The U.S. Treasury yield curve:
A. always has a negative slope.
B. always has a positive slope.
C. assumes maturities are constant, and reflects the difference in risk.
D. shows the relationship among bonds with the same risk characteristics but different maturities.
Answer: D
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Which of the following results in a movement along the supply curve of spinach but does not shift the supply curve of spinach?
A) disastrous weather that destroys half of this year's spinach crop B) a rise in the price of spinach C) an increase in wages for workers in spinach fields D) great weather that produces a bumper spinach crop this year
Mercantilists believed that national military power could be achieved best by _______
a. confiscating church lands and selling them to private businesses. b. freeing business from government regulation. c. having the government supply the infrastructure for the economy, while leaving private enterprise alone in other spheres. d. strictly regulating economic life.
The factor payments measure of GDP
a. can be expressed as GDP = C + I + G + NX b. is found by summing all expenditures on intermediate and final goods and services during the year c. calculates how much value was added at each stage of production d. is found by summing all interest, rent, profit, and wages and salaries generated during the year e. calculates how much workers paid for goods and services during the year
If the price of tickets to Disney World increases 10 percent, and as a result, attendance falls by 15 percent, the demand for the tickets is
a. elastic. b. inelastic. c. of unitary elasticity. d. indeterminate.