Explain what is meant by economic efficiency. Does efficiency imply that the fastest production processes or the most powerful equipment must always be used? Explain
What will be an ideal response?
Efficiency involves a situation in which a given output is produced at lowest cost. Consequently, the fastest-operating or most powerful equipment may not always be efficient.
Economics
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A ________ pays out cash flows from a collection of assets in different tranches, with the highest-rated tranch paying out first, while lower ones paid out less if there are losses on the underlying assets
A) collateralized debt obligation (CDO) B) adjustable-rate mortgage C) negotiable CD D) discount bond
Economics
Prior to 1921, the President _____ the budget process
a. played a significant role in b. played a minor role in c. played no direct role in d. determined the nature of
Economics