If a coupon bond has a "face value" of $1000, it means that
A) the original purchaser paid $1000 for it.
B) each purchaser must pay $1000 for it.
C) it was purchased for at least $1000 and perhaps more.
D) the holder will be paid $1000 when the bond matures.
E) the holder will be paid $1000 plus accumulated interest when the bond matures.
D
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Refer to Mexico and Japan. What is the cost of producing one unit of food in Japan?
a. 2 bolts of cloth per bushel.
b. 4/3 bolts of cloth per bushel.
c. 3/4 bolts of cloth per bushel.
d. none of the above.
Our free-rider model of voluntary giving suggests that, when the government subsidizes private giving to charity, it's contribution will simply "crowd out" the private contributions so long as no one is at a corner solution.
Answer the following statement true (T) or false (F)
If a consumer purchases any combination of goods and services on his ________, he will exhaust his income completely
A) indifference curve B) budget constraint C) demand schedule D) demand function
The conflict between the Vice President of Marketing and her sales staff arises because
a. the sales staff are unwilling to offer discounts b. the Vice President want to negotiate more aggressively c. the sales staff want to negotiate too aggressively d. the Vice President is more willing to offer discounts to make the sale