Which one(s) of the public debt forms is (are) marketable?
a. only the Treasury bond
b. only the Treasury bill
c. only the Treasury note
d. Treasury notes, bills, and bonds
e. only Treasury notes and bills
D
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Which of the following is a necessary characteristic of a public good? The good is
A) excludable. B) nonrival. C) nonexcludable. D) Both answers B and C are correct.
If a new cash deposit creates excess reserves of $5,000 and the required reserve ratio is 10 percent, the banking system can increase the money supply by a maximum of
a. $50,000. b. $500. c. $5,000. d. $4,500.
Pork from pigs can be used to produce bacon or sausage, but not both. If the price of bacon rises for some reason, then, everything else equal: a. the price of sausage will rise
b. the price of sausage will fall. c. the resources used to raise pigs will become less expensive. d. the demand for bacon will decrease.
In 1996, Archer Daniels Midland Company was found guilty of fixing the price of lysine. This is an example of:
A. judgment by design. B. judgment by performance. C. judgment by structure. D. judgment that is not part of U.S. antitrust policy.