In calculating the current yield for a bond the:
A. present value of the capital gain/loss is ignored.
B. coupon payment and purchase price is all that is needed.
C. present value of the coupon payments is the only important consideration.
D. present value of the final payment is the only important consideration.
Answer: B
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The equation of exchange is written as
a. V = PQM b. MQ = PV c. M = QVP d. MQ = P e. MV = PQ
In a market with only one firm (a pure monopoly), the Herfindahl-Hirschman Index (HHI) would equal 10,000
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 7.11 below to answer the question(s) that follow. 
Figure 7.11
Refer to Figure 7.11. If the firm's level of total cost is represented by the given isocost line, the firm's optimal combination of capital and labor is given by
A. point A. B. point B. C. point C. D. 50 units of capital and 50 of labor.
If a nation has ________ status conferred on it, then exports from that country are taxed at the lowest negotiated tariff rates.
A. most-favored-nation B. total-trade-guaranteed C. international-ally D. no-child-labor