An speculator who buys a fifty-year corporate bond
A) must be expecting to still be alive in fifty years.
B) is subject to substantial reinvestment risk.
C) is probably expecting market interest rates to increase in the future.
D) is probably expecting market interest rates to decrease in the future.
D
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If a tax is imposed on each unit of a good purchased, ________
A) the supply curve shifts to the right B) the supply curve shifts to the left C) the demand curve shifts to the right D) the demand curve shifts to the left
The most threatening and damaging detrimental externality at issue today is
A. the explosion and oil spill at the Deepwater Horizon. B. the continued pollution of city air due to factory emissions. C. water shortages. D. global warming.
An example of a person who is counted as unemployed is a:
A. retired worker below the mandatory retirement age. B. part-time worker who would like to work full-time. C. senator who resigns her job to run for president. D. student going to school full-time.
In a barter economy with "n'' number of goods there will always be:
A. fewer than "n'' relative prices. B. "n''/2 relative prices. C. exactly "n'' relative prices. D. more than "n'' relative prices.