If a bond was to pay off one year from now for $630 and was purchased for $600, what is the interest rate?
A) 3 percent B) 5 percent C) 15 percent D) 30 percent
B
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If Fred's marginal utility of pizza equals 10 and his marginal utility of salad equals 2, then
A) he would give up 5 pizzas to get the next salad. B) he would give up 5 salads to get the next pizza. C) he will eat five times as much pizza as salad. D) he will eat five times as much salad as pizza.
Annual deaths from medical issues related to tobacco use are approximately
a. 100,000 b. 220,000 c. 330,00 d. 440,000 e. 550,000
A corrective tax is also known as:
a. a command-and-control regulation. b. a Coase tax. c. a Pigovian tax. d. a Smithian tax.
The purpose of the Dodd-Frank Wall Street Reform Act was to:
A. limit what stocks and mutual funds that investors could choose. B. give banks the choice to report their holdings. C. encourage banks to engage in more risk-taking. D. force banks to limit their risk-taking.