Generally with bond ratings, the higher the rating, the ________ the interest rate an investor will receive and the ________ the risk that the issuer of the bond will default
A) higher; higher B) lower; lower C) higher; lower D) lower; higher
B
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Refer to the table above. If at a price of $3 per loaf, the market supply of bread is 45 loaves, Seller 3's supply is:
A) 15 units. B) 24 units. C) 18 units. D) 20 units.
Market equilibrium
i. can never occur because there are always people who want a good but cannot afford it. ii. occurs at the intersection of the supply and demand curves. iii. is the point where the price equals the quantity. A) ii and iii B) i only C) ii only D) i and ii E) iii only
Debt servicing refers to the repayment of principal on the debt.
Answer the following statement true (T) or false (F)
According to the textbook, social norms:
A. are a type of positional externality. B. can help curtail positional arms races. C. are never effective at limiting positional arms races. D. are usually ignored.