16 and 17

Question 16 2 pts A public good: is characterized by non-rivalry and non-excludability is available to all and cannot be denied to anyone. can not be produced profitably by private firms. all of the above. Question 17 2 pts A credit default swap can best be described as: O a bond backed by the value of an underlying bundle of mortgages O a type of insurance contract against the default of bonds and mortgage backed securities. the option to purchase shares in a corporation at a pre determined price O an instrument of the devil 2 pts Question 18 Limited liability means that