The federal government has the power to take private property for public use, but local governments have no such power

One characteristic of citizen marketers is that they hold amateur status, which means they

A) share information voluntarily and are transparent about their motives. B) need a great deal of training before they can be expected to sell products. C) often make mistakes that can result in public relations mishaps for companies. D) generally lack higher education and are mainly low-income earners. E) have to be recruited regularly by firms because they lack commitment and enthusiasm.

(I) The risk premium widens as the default risk on corporate bonds increases

(II) The risk premium widens as corporate bonds become less liquid. A) (I) is true, (II) false. B) (I) is false, (II) true. C) Both are true. D) Both are false.