You turn to the bond market page of a newspaper and look under the column headed "Close" and see that it says, "49 1/2" this indicates that
A. the closing price for the bond on this particular day is $495.
B. the closing price for the bond on this particular day is $49.50.
C. the closing price for the bond was $49.50 higher than on the previous trading day.
D. the bond will mature on June 30, 2049.
Answer: A
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If we plot the quantity of aluminum ore mined per year on the horizontal axis and the real annual price of aluminum ore on the vertical axis, we find that the path of price-quantity combinations generally indicates lower real prices and higher
quantities over time. Which of the following statements is a plausible explanation for this observed outcome? A) Aluminum supply shifted leftward faster than the aluminum demand curve shifted rightward. B) Aluminum supply shifted rightward faster than the aluminum demand curve shifted rightward. C) Aluminum supply shifted rightward and aluminum demand remained constant. D) both A and B above E) both B and C above
Most of the income of Americans comes from
a. transfer payments. b. the ownership of bonds and physical assets. c. the ownership of bonds and corporate stocks. d. the ownership of human capital.
Former Bank of England Governor Mervyn King, commenting on a speech given by then Fed Chairman Greenspan, said "any (coherent) monetary policy can be written as an inflation target plus a response to supply shocks." What do these comments mean and what insight do they provide us to the focus of central banks?
What will be an ideal response?
Darius’s country and Selim’s country each have educated workers and plenty of factories, machines, and tools. However, Darius’s country has greater output and a higher economic growth rate. What is most likely the cause of this?
a. Darius’s country has a greater quantity and quality of natural resources. b. The population of Selim’s country is much larger. c. Selim’s country has a more extensive and reliable infrastructure network. d. The government in Darius’s country does not enforce the rule of law.