The coupon rate is equal to the annual coupon payment
A. divided by the face value of the bond.
B. divided by the price paid for the bond.
C. multiplied by the price paid for the bond.
D. divided by the current market value of the bond.
Answer: A
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Moving along the total product curve, which of the following is held constant?
A) quantity of labor B) total product C) technology D) total cost E) None of the above answers is correct.
If a decrease in income leads to a decrease in the demand for mac and cheese, then mac and cheese is
A) a complement. B) a necessity. C) a normal good. D) a neutral good.
Assume that the United States imposes a quota on Scottish wool suits. Relative to the equilibrium price that would exist in the absence of quotas, the equilibrium price of suits in the United States will most likely _______ , and the equilibrium price of suits in Scotland will most likely _______ .
A) remain the same; decrease B) remain the same; increase C) increase; increase D) increase; decrease
Explain the difference between fully funded social security system and pay-as-you-go social security system
What will be an ideal response?