The return on a 5 percent coupon bond that initially sells for $1,000 and sells for $950 next year is
A) -10 percent.
B) -5 percent.
C) 0 percent.
D) 5 percent.
C
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Legal restrictions on entry into an industry
a. are strongly opposed by those already in an industry. b. are promoted through lobbying efforts by those already in the industry, thereby further increasing the social costs of monopoly. c. are promoted by those who wish to enter the industry, thereby potentially increasing the social welfare generated by the industry. d. are always instituted to protect the public's health and welfare.
In traditional economies, people base economic decisions on the precedents established by previous generations
a. True b. False Indicate whether the statement is true or false
Two items which have a negative cross price elasticity of demand are referred to as
A) luxury goods. B) inferior goods. C) substitutes. D) complements.
Assume the demand curve is line AC. If price is OD, the consumer surplus is bounded by letters
A. OABD.
B. OAC.
C. DBC.
D. None of these choices are true.