Junk bonds, bonds with a low bond rating, are also known as
A) high-yield bonds.
B) investment grade bonds.
C) high quality bonds.
D) zero-coupon bonds.
A
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In which market model is there mutual interdependence?
A. monopolistic competition B. pure monopoly C. pure competition D. oligopoly
Other things being equal, the effect of a decrease in the price of DVDs on the market for DVD players is a(n):
a. leftward shift in the demand curve for DVD players. b. upward movement along the demand curve for DVD players. c. rightward shift in the demand curve for DVD players. d. downward movement along the demand curve for DVD players.
A criticism of the unemployment rate is that:
a. underemployment is measured in the calculation. b. the data includes part-time workers as fully employed. c. discouraged workers are included in the calculation. d. all of these are problems.
Figure 7.1 shows a monopolist's demand curve. If the monopolist increases output from two to three units, what is its marginal revenue?
A. $3 B. $5 C. $12 D. $15