To determine what a buyer would be willing to pay for a given bond, you must first ________________ by combining its face value, interest rate, maturity date, and market interest rates.
a. calculate its certificate of deposit
b. ensure it is a high-yield bond
c. determine the bond’s coupon rate
d. compute the bond’s present value
d. compute the bond’s present value
Combining the bond’s face value, interest rate, maturity date, and market interest rates allows a buyer to compute a bond’s present value, which is the most that a buyer would be willing to pay for a given bond. This may or may not be the same as the face value.
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If diminishing marginal returns have already set in for Golden Lark Woodworks, and the marginal product of the 6th carpenter is 8 chairs, then the marginal product of the 7th carpenter is
A) more than 8 chairs. B) zero. C) negative. D) less than 8 chairs.
In the short run,
a. economic profit is always zero b. economic loss is always zero c. some inputs are fixed d. the number of firms in an industry can vary e. technology is indeterminate
World agreements to solve global environmental externalities will probably require high income countries to do which of the following?
a. Pay some of the costs but not most of the costs. b. Prevent low income countries from industrializing. c. Share the costs. d. Pay most of the costs.
Compared to the poverty rate for blacks, the poverty rate for whites is a fraction of less than ______.
Fill in the blank(s) with the appropriate word(s).