The rate of interest paid on a bond is called the
A) coupon rate.
B) weighted average cost of capital.
C) discount rate.
D) all of these choices.
A
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Movie theatres offer senior discounts because
a. Seniors have a more elastic demand for movie tickets b. Seniors have lower incomes c. Seniors have a lower opportunity cost of time d. All of the above
The price elasticity of demand for a printer is estimated to be 1 no matter what the price or quantity demanded. An increase in price by 10% will
a. Increase quantity demanded by 10% b. Decrease quantity demanded by 10% c. Increase demand by 10% d. Decrease demand by 10%
The main reason why one nation trades with another is to a. save its natural resources from rapid depletion
b. exploit the advantages of specialization. c. eliminate the danger of retaliation from other nations. d. improve political alliances.
In the United States, the parity system and commodity support program have historically covered only three basic farm products: wheat, corn, and tobacco
Indicate whether the statement is true or false