"Subordinated" debt is one form of __________ debt
A) mezzanine
B) uncollateralized
C) zero-coupon
D) risk-free
A
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The prisoners' dilemma is
A) an example of a duopoly game. B) a theory about why firms break the law. C) competition that can occur among firms in monopolistic competition. D) an example of the monopolist charging high prices. E) an example of a game that does not have a Nash equilibrium.
An economic expansion tends to cause the federal budget deficit to ________ because tax revenues ________ and government spending on transfer payments ________
A) increase; rise; falls B) decrease; rise; falls C) decrease; fall; rises D) increase; fall; rises
Brandon finds that Max Solutions can supply computers with the specific configuration he needs. His company enters into a contract with Max Solutions to provide 60 custom-built desktops at an agreed price. The contract between them will ensure each of the following, EXCEPT:
a. that Brandon's company does not back out and make a deal with someone else for a lower price. b. Max Solutions does not sell the computers to another company for a higher price. c. Max Solutions supplies the computers before the scheduled date of delivery. d. Brandon's company compensates Max Solutions in case of cancellation of order at a later date.
If the demand curve is a straight line and has the normal negative slope, then as quantity demanded increases, demand
a.
becomes more elastic
b.
becomes more inelastic
c.
is unitary elastic
d.
rises and then falls
e.
is an inverse function of supply