As the present value of the future earnings from owning an asset ____, the market value of the asset ____
a. decreases; increases
b. increases; decreases
c. decreases; decreases
d. decreases; is uncertain
C
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The above figure shows the domestic market for wheat. Suppose this market is isolated from global competition. The with no government intervention, the equilibrium price is ________ and the equilibrium quantity is ________
A) $15 per ton; 100 million tons B) $14 per ton; 250 million tons C) $12 per ton; 300 million tons D) $12 per ton; 250 million tons E) $15 per ton; 400 million tons
In part, microeconomics is concerned with the study of
A) unemployment and economic growth. B) the Federal Reserve's policies. C) the effect government regulation has on the price of a product. D) national output of goods and services.
In 1977, he pioneered the concept of selling new public issues of junk bonds for companies that had not yet achieved investment-grade status
A) Michael Milken B) Roger Milliken C) Ivan Boesky D) Carl Icahn
The trade deficits of the 1980s and 1990s reflect American desire for foreign
A. assets and foreign desire for American goods and services. B. goods and services and foreign assets. C. goods and services and foreign desire for American assets. D. assets now and foreign goods and services in the future.