If you own a bond with a 3 percent coupon rate and new bonds are paying 8 percent, what will happen to your bond's market price?
What will be an ideal response?
It will go down.
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Refer to Scenario 1-1. Had the firm not produced and sold the last 400 t-shirts, would its profit be higher or lower, and if so by how much?
A) Its profit would be $800 higher. B) Its profit would be $800 lower. C) Its profit would be $4,800 higher. D) Its profit would be $4,000 lower.
When negative externalities exist, the competitive market supply curve does not include all of the costs borne by members of society
Indicate whether the statement is true or false
Refer to Figure 13-13. What is the output price?
A) P4 B) P3 C) P2 D) P1
A(n) _____ implies an increase in human capital
a. addition of a new machine that laborers use in production b. increase in wealth c. more educated labor force d. increase in the number of schools in a country e. increase in the quantity of the capital used by a firm