On June 2, 2010, Dow Chemical's 4.1 percent coupon bonds, with face values of $100, sold for $95 . This means that the yield on these bonds was
a. less than 4.1 percent.
b. equal to 4.1 percent.
c. equal to 95 percent of 4.1 percent.
d. greater than 4.1 percent.
d
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What happens to the demand for a good if a complement's price increases?
A) The demand increases and the demand curve shifts rightward. B) The demand decreases and the demand curve shifts rightward. C) The demand increases and the demand curve shifts leftward. D) The demand decreases and the demand curve shifts leftward. E) There is no impact on demand for the good and the demand curve does not shift.
In the specific factors model, which of the following is treated as a specific factor?
A) land B) labor C) cloth D) food E) technology
Which of the following statements is true when total spending equals total output?
a. Saving plus taxes equals investment plus government purchases. b. Output equals investment plus government purchases plus saving plus taxes. c. Output equals consumption spending plus investment plus government purchases plus saving plus taxes. d. Output equals consumption plus investment plus taxes. e. Saving plus investment equals taxes plus government purchases.
The demand curve for a good
a. is determined primarily by the cost of producing the good. b. indicates the relationship between the price of the good and the price of other goods. c. illustrates the quantity producers will provide at alternative prices. d. indicates the quantities of the good that people are willing to purchase at various prices.