The above figure shows the U.S. market for wheat. When there is no international trade, consumer surplus is equal to ________
A) area A + area B + area C
B) area A
C) area E + area F
D) area B + area C + area D
E) area A + area B + area C + area D
A
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If the nominal interest rate is 5.6% and inflation rate is 2.4%, the real interest rate is ________
A) 4% B) 3.2% C) 6.4% D) 8%
Jessica paid $5,300 for a bond with a face value of $5,000. She will be paid $300 annually as long as she holds on to the bond, until the bond's maturity date. The coupon rate of the bond is
A. 6.0 percent. B. 5.7 percent. C. 13.0 percent. D. 9.2 percent.
The change in a firm's total revenue due to selling an additional unit of output is known as
a. marginal revenue b. average revenue c. price d. marginal cost e. marginal revenue product
Which country has the largest net public debt as a percent of GDP?
a. United States b. France c. Japan d. Canada