Municipal bonds are issued
A) only by local governments.
B) only by state governments.
C) by both state and local governments.
D) by the federal government, and by state and local governments.
C
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When an American household purchases a bottle of Italian wine for $100,
a. U.S. consumption does not change, U.S. net exports decrease by $100, and U.S. GDP decreases by $100. b. U.S. consumption does not change, U.S. net exports increase by $100, and U.S. GDP increases by $100. c. U.S. consumption increases by $100, U.S. net exports decrease by $100, and U.S. GDP does not change. d. U.S. consumption increases by $100, U.S. net exports do not change, and U.S. GDP increases by $100.
Which of the following was not a factor in Japan’s post-World War II economic success?
A. A high rate of investment B. A well-educated workforce C. A high rate of natural resource discovery D. A high rate of technological adoption
A large increase in the number of fast-food restaurants in a community is most likely to result in:
A. Lower prices and higher quality. B. Lower prices and lower quality. C. Higher prices and higher quality. D. Don't Know
In a cartel
A) each firm has an incentive to decrease its own production below the level set by the cartel. B) the firms' marginal cost equals the price set by the cartel. C) each firm has an incentive to lower its price below the level set by the cartel. D) each firm has an incentive to raise its price above the level set by the cartel.