The economic policy based on the incorrect theory that a nation's economic objective should be to accumulate precious metals in the public treasury is called _____

If you pay $4,888 for a $5,000 face value one-year Treasury bill, what is the rate of interest you will receive?

A) 1.02% B) 2.29% C) 4.46% D) 9.78%

You value your favorite shirt at $110. Someone else values it at $150, and that person is willing to pay you $120 for your shirt. Would selling your shirt to this person for $120 be Pareto efficient?

A. Yes, because even though you gain from the trade and he loses, there is the potential for you to compensate him for his loss. B. No, the person paid you $120 for the shirt so his net benefit was $30, while your net benefit was $10. For this change to be Pareto efficient, each of you should have the same net benefit. C. Yes, because both of you are better off as a result of the trade. D. No, because you did not receive the maximum amount the other person would have been willing to pay for the shirt.