A bond is
A. a claim on the assets of the corporation that gives the purchaser an ownership right in the corporation.
B. the share of profits distributed to bondholders.
C. a promise to pay for the use of someone else's money.
D. a promise of ownership of the government.
E. c and d
Answer: C
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A technology shock could have a different impact than a natural catastrophe because ________
A) the former would likely lower TFP and the latter raise labor productivity B) the former would likely lower output and the latter raise production C) the former would likely raise output and the latter would raise TFP D) the former would likely lower labor productivity and the latter would lower TFP E) the former would likely raise TFP and the latter would curtail production
Non-interventionists include all of the following, EXCEPT
A. new classical economists. B. supply-side economists. C. Keynesian economists. D. monetarists.
The behaviorist economists believe that economic behavior is guided by _________ and _________.
Fill in the blank(s) with the appropriate word(s).
Explain what will happen to the equilibrium price and quantity of satellite TV service if the wages of the workers who provide the satellite TV service increase while at the same time the price of cable television service (a substitute for satellite TV service) also increases.
What will be an ideal response?