Which of the following statements is false?
A. The issuer of a bond is a borrower.
B. The person who buys a bond is a lender.
C. Interest earned on corporate bonds is exempt from federal income taxes.
D. The coupon rate on a bond is the percentage of the face value that the bondholder receives annually until the bond matures.
Answer: C
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Activities that interest groups undertake to secure special favors from government is called rent seeking
a. True b. False
Historically, many businesses have preferred specialized task assignment for employees over broad task assignments. Why has this been the case?
What will be an ideal response?
Which of the following shifts short-run, but not long-run aggregate supply right?
a. a decrease in the actual price level b. a decrease in the expected price level c. a decrease in the capital stock d. an increase in the money supply
The Kahneman-Tversky value function is
A. not defined over changes in income or wealth. B. steeper in gains than in losses. C. steeper in losses than in gains. D. a symmetrical utility function for gains and losses.