Which of the following terms is used to describe a situation in which the price of an asset rises above what appears to be its fundamental value?

A one-year Treasury bill that sells for $943.40 and has a face value of $1,000 has an annual yield of

A) 8 percent. B) 7 percent. C) 6 percent. D) 5 percent.

Fast food is faster and cheaper than a similar meal you could prepare for yourself. Which of the following does not explain that fact?

a. meal preparation has been divided into many separate tasks b. larger-scale production allows the introduction of more efficient machines c. workers gain productivity at a task over time d. there is less time lost moving from one task to another e. workers are more productive when they are being paid