A Treasury bill with an original maturity of six months currently sells for $972.58. The bill was issued 30 days ago. An investor who purchases this bill today would have a yield on a discount basis of __________ percent

When production reflects consumer preferences, ________ occurs

A) productive efficiency B) allocative efficiency C) equity D) efficient central planning

Which of the following would be most likely to encourage capital formation in a less-developed country?

a. The expectation of sustained high inflation. b. The expectation that property rights will be highly secure in the years ahead. c. The imposition of high tariffs and other restraints limiting imports. d. Higher personal and corporate tax rates.