If a resource is unemployed, it
a. is also underemployed
b. is utilized, but not in its most productive employment
c. is not utilized
d. is not counted as a resource for the economy
e. must be a labor resource
C
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Which of the following statements is true?
A) Treasury bills mature in 2 to 10 years. B) Treasury notes mature in 13 or 26 weeks. C) Treasury bills, notes, and bonds are considered to be very safe investments. D) Municipal bonds are issued to help the federal government build new projects such as highways and stadiums.
If the demand for a good increases at the same time the supply of the good decreases, what happens to equilibrium price and quantity?
A. Equilibrium quantity increases, but the effect on equilibrium price is ambiguous. B. Equilibrium quantity decreases, but the effect on equilibrium price is ambiguous. C. Equilibrium price increases, but the effect on equilibrium quantity is ambiguous. D. Equilibrium price decreases, but the effect on equilibrium quantity is ambiguous.