If a bond pays $50 a year to its holder and you buy it for $200, what is your interest rate?
What will be an ideal response?
The interest rate is ($50 ÷ $200 ) × 100 = 25.0 percent.
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In 2010, households in the lowest quin tile of the income distribution received
a. 3.8 percent of aggregate income. b. 5.7 percent of aggregate income. c. 8.7 percent of aggregate income. d. 10 percent of aggregate income.
A multinational organization dedicated to providing financial and technical assistance to developing countries is called the:
A. World Bank. B. United Nations Development Plan. C. International Monetary Organization. D. World Trade Organization.
A monopolist maximizes profit by producing the quantity at which MC = MR, just like a perfect competitor.
Answer the following statement true (T) or false (F)
If Dave and Jesse are the only two fishermen in town and neither is bothered by the other's fishing, the lake they fish in is not a common resource
a. True b. False Indicate whether the statement is true or false