The typical face value of a corporate bond is $1,000
Indicate whether the statement is true or false
True
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"As the quantity of labor hired increases, the value of marginal product stays constant as long as the wage rate is constant for all workers." Is the previous statement correct or incorrect? Explain your answer
What will be an ideal response?
Five possibilities are equally likely and have payoffs of $2, $4, $6, $8, and $10 . The expected value is:
a. $4 b. $5 c. $6 d. $7
Specialization is beneficial:
A. At the individual firm level, but not at the national and international levels B. At the individual, regional, and even international levels C. Only if there are differences in the abilities of resources D. Only as long as money and capital goods are employed
If the calculated price elasticity of demand between two points is -1.5, demand is
A) inelastic. B) elastic. C) unresponsive to price. D) unit-elastic.