The table above shows the demand and costs for a single-price monopolist. When it maximizes its profit, the firm makes an economic profit of

Suppose the average interest rate on euro bonds is 4%, and the average interest rate on U.S. dollar bonds is 6%. Which should the investor choose?

a. neither-bonds have high default rates. b. both-an investor will choose some euro bonds and some U.S. bonds to diversify. c. the euro bond because their economies are usually more stable. d. It is not possible to answer without information on exchange rates.

Money that is acceptable because the government requires that it be accepted in payment of debt is _____

a. legal tender b. commodity money c. bad money d. backed by government's wealth e. hoarded by the people