Federal agencies hold roughly ________ percent of all outstanding Treasury bonds.
A. 40
B. 66
C. 30
D. 50
Answer: A
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The total federal debt is equal to
A) the total value of all U.S. currency in circulation. B) the sum of all past deficits minus the sum of all past surpluses. C) the federal budget deficit minus the federal budget surplus. D) annual federal tax receipts plus annual federal expenditures.
Burger Queen enjoyed $1 million in profits last year. What does Burger Queen's $1 million in profits mean for its competitor, Burger Lord?
A) Nothing. B) Burger Lord must have suffered $1 million in losses last year. C) Burger Lord must have also enjoyed $1 million in profits last year. D) Burger Queen is more efficient at serving its customers compared to Burger Lord.
Tee-shirt Integration Tee-shirt Titan produces a variety of lines of "ironic" designs that it sells nationwide. It also sells plain tee-shirts in a variety of colors to smaller local silkscreen shops. It noticed that one of these, Shasta Shirtwerkz, has
experienced substantial growth and profitability due to its even more clever designs. Should Tee-shirt Titan purchase Shasta Shirtwerkz as another line within their product offerings?
Pharmaceutical companies receive patents as an exclusive right to produce a drug. This results in
a. normal profits on the patented drug. b. monopoly status in the production of the drug. c. lower prices for patients requiring the drug. d. orphan drug status. e. fewer new chemical compounds discovered.