Internal ownership of the national debt occurs when U.S. Treasury bonds are purchased by all of the following except
A. Foreign countries that we trade with.
B. The Federal Reserve System.
C. Individual U.S. citizens.
D. State banks.
Answer: A
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What will be an ideal response?
Asymmetric information involves:
a. information overload in the loan market. b. information that is available on the Web. c. use of the Federal Reserve information system. d. an inequality of information in the loan market.
Which of the following is a reason for using independently pooled cross sections?
A. To obtain data on different cross sectional units B. To increase the sample size C. To select a sample based on the dependent variable D. To select a sample based on the independent variable
In the short run a manufacturing firm's production equipment is a sunk cost.
Answer the following statement true (T) or false (F)