The relationship among interest rates on bonds that all mature at the same time is known as the
A) term structure of interest rates.
B) risk structure of interest rates.
C) term premium.
D) Treasury yield.
B
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Using this consumption function, autonomous consumption is
A) $0. B) between $1 and $2 trillion. C) more than $2 trillion and less that $5 trillion. D) more than $5 trillion and less than $8 trillion. E) more than $8 trillion.
Ticket scalpers at the NCAA basketball tournament last year charged prices high above the printed ticket price. This observation is evidence of
A) a surplus at printed ticket prices. B) a shortage at printed ticket prices. C) the tournament not being televised. D) the tournament getting too much television exposure.
The rules of the GATT
a. apply only to domestic trade within a nation b. apply to both domestic trade within a nation and international trade with other nations c. apply only to trade among nations d. prohibit tariffs e. encourage high tariffs
Slope is measured as run/rise
a. True b. False Indicate whether the statement is true or false