The U.S. government bonds are likely to be less risky because:
a. the government always runs a balanced budget.
b. the government bonds are backed by gold.
c. the government can raise taxes to redeem the bonds at maturity.
d. the government has limited liability to repay.
e. the government always has an excess reserve of foreign exchange.
c
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If as output increases average product increases, then ________
A) average total cost decreases B) average fixed cost decreases C) marginal cost decreases D) average variable cost decreases
Marginal fixed costs decrease as output increases.
Answer the following statement true (T) or false (F)
Christina Romer argued that
A) measured properly, GNP before 1929 varied substantially less over time than the official statistics showed. B) measured properly, GNP after 1929 varied substantially more over time than the official statistics showed. C) measured properly, economic expansions after 1929 were shorter than the official statistics showed. D) measured properly, economic expansions before 1929 were shorter than the official statistics showed.
Which of the following occupations is not among the ten projected fastest-growing U.S. occupations in terms of percentage increases?
A. School teachers. B. Biomedical engineers. C. Physical therapist assistants. D. Personal care aides.