A person buys a newly issued bond that matures in 6 years with a face value of $1,000 and a coupon rate of 5%. How much money will the bondholder receive in the sixth year?
A) $1,050.
B) $1,500.
C) $1,000.
D) $50.
E) $500
A
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A government budget deficit occurs during a budget year when
A) tax revenues > government spending. B) tax revenues < government spending. C) tax revenues = government spending. D) tax revenues + government spending = personal consumption.
Which of the following would be an external cost associated with the manufacture of cigarettes?
a. Price of a pack of cigarettes. b. Price of leaf tobacco. c. Cost to the government of the hospital expenses of indigent smokers. d. Cost to the employer of the higher health insurance premiums due to the hiring of a smoker. e. Cost to the employer of the extra effort lost due to the increased missed days of work as a result of smoking.
Which one of the following resources is not underemployed?
A. The use of Manhattan Island in New York City for growing corn. B. The use of farmland in the Iowa and Illinois corn belt for buildings to do stock market research. C. An automobile factory that is shut down for two months to be retooled for a model change. D. Limiting all men to the fields of school teaching and social work.
What can explain the fact that DVD players decreased in price during the 1990s even as more DVD players were being sold?
A) The demand for DVDs was declining. B) The supply of DVD players was decreasing. C) The supply of DVD players was increasing more than the demand for DVD players. D) The demand for DVD players was increasing more than the supply of DVD players.