Currently, a three-month Treasury bill has a yield of 5% while the yield on a ten-year Treasury bond is 4.7%. What is the risk premium of the typical A-rated ten-year corporate bond with a yield of 5.5%?

Outcomes are likely to be Pareto superior if they were _____

a. approved of by a unanimous vote b. enacted by a bureaucrat c. decreed by a judge d. enacted by bipartisan legislation

The "demonstration effect" created by advertising: a. manipulates consumer needs for trivial products

b. creates urges among consumers to buy products previously unknown to them. c. conveys misleading claims to the consumer. d. none of the above