Suppose that one year ago you purchased a $1,000 bond with an interest payment of $40 per year and, at the time, the interest rate was 4 percent. One year later the interest rate on bonds has increased to 5 percent, and you still hold the bond you purchased a year ago. If you were to sell your bond now, the price that you could sell it for would be
A) higher than it was when you bought it.
B) lower than it was when you bought it.
C) the same as it was when you bought it, that is, $1,000.
D) lower or higher than it was when you bought it, but we cannot determine which.
B
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An important explanation of the high income inequality in Brazil is unequal access to
a. food b. education c. infrastructure d. jobs e. none of the above
There are two techniques of egg production: free range (where hens roam around the farm) or factory (where hens are fed and watered in wire cages). The free range technique has a much more elastic supply curve than the factory technique
When the demand for eggs falls: A) egg production using the factory technique falls less than with the free range technique. B) egg production using the factory technique falls more than with the free range technique. C) the production using both techniques falls by the same amount. D) the factory egg producers supply curve shifts inward. E) the free range egg producers supply curve shifts inward.
The firm's demand curve for labor is exactly the same as its
a. wage rate b. price of the good c. MRP curve d. MPP curve e. supply curve of labor
Which of the following describes an individual’s labor supply curve when the desire for more wage-related income is stronger than the desire for more free time?
a. U-shaped b. backward bending c. upward sloping d. downward sloping