The greatest appeal of U.S. Treasury securities is that
A) they have high yields.
B) they have no default risk.
C) the U.S. Treasury will repurchase them at any time.
D) their market prices fluctuate very little.
B
Economics
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For a perfectly competitive palm tree nursery in South Carolina, the total revenue curve is
A) downward sloping. B) a horizontal line. C) upward sloping. D) U-shaped. E) undefined because the firm is perfectly competitive.
Economics
The concerns about world food production raised by Malthus have not materialized because:
A) input prices have fallen over time. B) crop prices have risen over time. C) Malthus was wrong about the diminishing returns to labor in agriculture. D) technological improvements have increased our ability to produce food over time.
Economics