If Mike buys a bond today for $400 that pays him $500 in one year, what is the implied interest rate?
a. 80 percent.
b. 125 percent.
c. 20 percent.
d. 25 percent.
e. 22 percent.
D
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The above figure shows the market for rice in Japan. SDomestic represents the domestic supply curve, and Sworld represents the world supply curve. A $1 per unit tariff has the same effect on producer and consumer surplus as a quota of
A) 25 units. B) 30 units. C) 35 units. D) 65 units.
In essence, a consumption tax puts all saving into tax-advantaged savings accounts
a. True b. False Indicate whether the statement is true or false
When discussing constant returns to specialization, it is realistic to assume that the units of resources required to produce one unit will _____ no matter where a country is on the production possibilities frontier
Fill in the blank(s) with the appropriate word(s).
For a monopolist, price
A. can be greater than or less than marginal revenue. B. is greater than marginal revenue. C. is less than marginal revenue. D. equals marginal revenue at all output levels.