Refer to Figure 9.1. If the government establishes a price ceiling of $20, the resulting deadweight loss will be

A university must decide if it should stop offering foreign language classes. This decision involves answering the economic question of "how to produce."

Indicate whether the statement is true or false

Which of the following is a single statistic that summarizes a rating agency's view of the issuer's likely ability to make the required payments on its bonds?

A) grade B) bond rating C) speculation D) yield