If you purchased a newly issued 30-year bond from Google with a face value of $3,000 and a coupon payment of 6 percent, Google would pay you
A) $100 per year for 30 years plus $3,000 at the end of the 30th year.
B) $180 per year for 30 years.
C) $180 per year for 30 years plus $3,000 at the end of the 30th year.
D) $100 per year plus 6 percent per year for 30 years.
Answer: C
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The balance of payments always balances, because each of the specific accounts must, by definition, be in balance
a. True b. False
FICA, the tax that supports Medicare and Social Security, is generally:
A. proportional. B. progressive. C. regressive. D. a flat tax that adjusts with inflation.
Tying agreements:
A. establish common boards of directors for previously competing firms. B. obligate a purchaser of product X to also buy product Y from the same seller. C. allow manufacturers to specify the retail prices of their products. D. prohibit firms from selling their products outside of specified geographic areas.
In the long run, a reduction in labor supply would cause output to ________ and the aggregate price level to ________.
A. rise; rise B. fall; fall C. fall; rise D. rise; fall