What is a bond buyer promised when she buys a bond?
Future payments.
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_____ helps Congress evaluate the president's budget
a. The Treasury Department b. The Office of Management and Budget c. The Congressional Budget Office d. The Joint Economic Committee
A duopoly is a market structure with: a. one buyer and one seller
b. two firms providing all the output. c. only two differentiated products. d. only a few dominant sellers and a limited number of buyers.
Firms in the market for soccer balls are selling in a purely competitive market. A firm in the soccer ball market has an output of 5,000 balls, which it sells for $10 each. At the output level of 5,000 the average variable cost is $6.00, the average
total cost is $7.50, and the marginal cost is $10.00. What would you expect the firm to do in the short run? The market in the long run? What will be an ideal response?
The demand curve is downward sloping because
A. a reduction in the price of a good causes individuals to increase their purchase of that good. B. the price must rise to induce firms to increase quantity supplied. C. an increase in the price will cause a leftward shift in the demand curve. D. all of these.