If you own a bond with a 3 percent coupon rate and new bonds are paying 8 percent, what will happen to your bond's market price?
What will be an ideal response?
It will go down.
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Engel's law suggests that as income rises, the demand for food
a. rises less than proportionately b. rises more than proportionately c. rises proportionately d. falls e. none of the above
The ways to address agency costs include all EXCEPT
a. advertising for employee positions in as many outlets as possible b. requiring employees to punch time clocks c. spot checks of the quality of employee work d. replacing closed offices with cubical office spaces
Economic studies have generally found that professional sports players have salaries that
a. greatly exceed their marginal contribution to a team's revenue stream. b. are approximately equal to their marginal revenue products. c. are about one-half of what they contribute to a team's profitability. d. are less than one-tenth of their marginal revenue products.
Economic growth can result from a(n):
A. decrease in the number of workers available. B. increase in number of the minimum wage jobs. C. increase in the amount of productive resources. D. increase in the amount of consumer goods produced.