Which of the following makes fixed payments indefinitely?
A. Amortized loan
B. Coupon bond
C. Zero-coupon bond
D. Consol
Answer: D
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City streets, sewage systems, and police protection are all examples of:
a. public goods. b. private goods. c. exclusive goods. d. rival goods. e. consumer goods.
If a variable other than the price level changes, the AD curve shifts
a. True b. False
The phrase "bundle of legal rights" is properly included in
A) the definition of real property. B) a legal description. C) real estate transactions. D) leases for less than one year.
Refer to the data. Assuming that the firm is motivated by self-interest and that the 20 units that can be produced with each technique can be sold for $2 per unit, the firm will:
Answer the question using the following data, which show all available techniques for producing 20 units of a particular commodity:
A. realize an economic profit of $10.
B. realize an economic profit of $4.
C. not earn any economic profit.
D. shut down rather than incur a loss by producing.