The form of public debt that matures in 3, 6, or 12 months is
a. Treasury bond
b. Treasury bill
c. Treasury note
d. U.S. savings bond
e. U.S. savings bill
B
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When a firm links its employees' compensation to the performance of the firm, the firm is using
A) an incentive system. B) a command system. C) a cooperative system. D) an agency system.
Which of the following government programs provides recipients with unrestricted cash payments?
a. The food stamp program b. Medicaid c. Temporary Assistance to Needy Families (TANF) d. Housing assistance programs
Suppose the fixed cost of building a nuclear power plant is $1 billion. Suppose also that the only variable cost is the labor of Homer Simpson, and he earns $10 per hour. If the plant generates 1,000 kilowatts each hour, and has already generated 1 billion kilowatts, what can you say about the marginal cost of the next kilowatt?
A. The marginal cost is falling. B. The marginal cost is equal to $.01. C. The marginal cost is equal to $1.01. D. The marginal cost is rising.
specialized investments
What will be an ideal response?