As the price of a bond rises, its yield rises.
Answer the following statement true (T) or false (F)
False
As the price of a bond rises, its yield falls due to the inverse relationship between bond prices and yields.
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Suppose that the demand for corn is price inelastic. If a technological advance makes corn farms more productive, the equilibrium price of corn will ________ and the farmers' total revenue will ________
A) rise; increase B) rise; decrease C) fall; increase D) fall; decrease
In economics, what differentiates the short run from the long run?
What will be an ideal response?
GDP can be calculated using
A. the way people earn money (but not the way people spend money). B. the way people spend money (but not the way people earn money). C. either the ways people earn money or the ways people spend money. D. the difference between the way people earn money and the way they spend it.
It is often asserted that the United States no longer manufactures anything, and that instead it imports manufactured goods from countries like China. Critically evaluate this claim.
What will be an ideal response?