If you pay $17,500 for a $20,000 face value one-year Treasury bill, what is the rate of interest you will receive?
A) 8.75%
B) 11.43%
C) 12.5%
D) 14.29%
D
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Auto and steel workers commonly experience this type of unemployment in a recession
A) frictional unemployment B) cyclical unemployment C) structural unemployment D) natural unemployment rate
How can a person be an indirect stockholder?
a. by owning stock in a fictitious name b. by owning stock in one company and bonds in another company c. by the government owning stock in a corporation d. by a spouse owning stock in a corporation e. by being a part of a pension fund that invests in stock in corporations
All of the following observations concerning the elasticity formula are true except
a. the changes with which it deals is measured as a percentage change. b. each of the percentage changes is calculated in terms of the average values. c. the calculation considers both positive and negative signs. d. each percentage change is taken as an "absolute value."
Political institutions are more likely to allow and encourage the emergence of good economic institutions and policies when
a. the top government executives have enough power to impose good economic arrangements on the nation. b. constitutional constraints prevent laws and regulations that weaken the rights of property owners, curtail voluntary exchange, and provide for decentralization of government. c. the elected executive and legislative branches have fewer constraints on what they can do, leaving them free to innovate and improve economic institutions. d. well organized interest groups exert a powerful influence on the political process.