List three characteristics of a bond that would make its interest rate higher than otherwise
it has a longer term to maturity, it has greater default risk, the interest earned on it is not tax exempt
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Economic growth ________
A) is driven by different elements in different economies B) is driven primarily by digital technology C) is driven primarily by labor growth D) cannot be explained using economic models
Assume that a monopoly is producing at a profit-maximizing output level. If the firm's total fixed costs decrease, the firm
A) should lower its price. B) should increase its price. C) should continue to produce at the same level. D) increase its output level.
The statement "the rich get richer and the poor get poorer" is evident in the fact that
a. the earnings gap between high-skill jobs and low-skill jobs has increased over the last several years. b. developing countries do not pay workers the value of their marginal product. c. developed economies export high-skill jobs to developing countries. d. All of the above are correct.
When the C line is above the 45-degree line, saving is __________.
Fill in the blank(s) with the appropriate word(s).