When the interest rate falls, bond values
A. rise.
B. fall.
C. are unchanged because the interest rate paid on a bond is fixed.
D. will either increase or decrease depending on the type of bond.
Answer: A
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Refer to the table above. If the firm is a monopolistic competitor, up to what output will the firm produce?
A) 2 units B) 4 units C) 5 units D) 6 units
Among development economists, the big-push refers to
a. the traditional process of economic dualism that forces workers to move from low-wage to high-wage sectors b. an integrated network of government-sponsored and financed investments that are introduced to LDCs all at once c. the political instability in LDCs that puts pressure on existing governments to achieve economic goals d. a strategy of limiting international trade in LDCs in order to protect new industries e. a situation in which there are many economists competing for a limited number of jobs advising LDCs
International trade can be correctly considered as an example of a zero-sum game.
Answer the following statement true (T) or false (F)
The measurement of industry concentration which calculates the percentage of all sales contributed by a specific number of leading firms is called the
A) Herfindahl-Hirschman Index. B) concentration ratio. C) producer price index. D) P/E ratio.