The law of supply states that there is a positive relationship between price and quantity supplied, ceteris paribus.
Answer the following statement true (T) or false (F)
True
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In November 1995 the labor force in Aberdeen, South Dakota, was 14,800 . There were 14,483 persons employed. The local unemployment rate:
a. was 1.2 percent. b. was 2.1 percent. c. was 5.6 percent. d. was 7.1 percent.
Potential buyers of ABC Corporation bonds are concerned about ABC Corporation declaring bankruptcy. Potential buyers of XYZ Corporation bonds are not concerned that XYZ Corporation may declare bankruptcy. Which of the following statements is correct?
a. Other things equal, the interest rate on XYZ Corporation bonds will be high relative to the interest rate on ABC Corporation bonds. b. An ABC Corporation bond must have a longer term than an XYZ Corporation. c. XYZ Corporation bonds carry less default risk than do ABC Corporation bonds. d. All of the above are correct.
Budget surpluses can stimulate capital formation and spur economic growth.
Answer the following statement true (T) or false (F)
Assume that there is no way to prevent someone from using an interstate highway, regardless of whether or not she helps pay for it. This characteristic is associated with:
A. rival goods. B. complementary goods. C. capital goods. D. public goods.