A ______ is a legally binding promise to make specific future payments.
A. stock
B. coupon
C. bond
D. deposit
C. bond
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An increase in the money supply, other things being constant
A) causes interest rates to rise. B) generates an increase in the demand for money. C) causes the price level to increase. D) causes the purchasing power of money to increase.
Which of the following statements presents accurate information about antebellum wages for males employed in manufacturing?
a. During the 1850s, real wages doubled. b. Real wages were higher and grew more rapidly in New England than in the Middle Atlantic states. c. Wage rates converged in the mid-1800s due to transportation improvements. d. Wage rates in the 1820s were higher in rural areas than in urban areas.
With increased specialization in the economy, principal-agent problems become
a. more numerous b. less numerous c. more severe, but there are fewer of them d. less severe, but there are more of them e. easier to solve
What is not included in Porter's five forces representation?
A) the threat of new entrants. B) the threat of substitute products. C) the indifference of customers. D) the threat of new entrants.