A ________ pays the owner a fixed coupon payment every year until the maturity date, when the ________ value is repaid
A) coupon bond; discount
B) discount bond; discount
C) coupon bond; face
D) discount bond; face
C
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When real interest rates in other countries rise relative to those the United States, all else held constant, we would expect the U.S. dollar to ________.
A. inflate B. depreciate C. appreciate D. deflate
When marginal private benefit is equal to marginal private cost,
A. the activity in question generates no negative externality. B. all negative externalities have been internalized. C. all positive externalities have been internalized. D. all of the above E. a or b
The goal of a cartel is to
A) increase competition among members. B) maximize industry profits. C) increase industry production. D) all of the above.
In maximizing economic profit, the monopolist will
A) choose the highest price that still permits some output sales. B) equate marginal cost to minimum average total cost. C) equate price to marginal cost. D) equate marginal revenue to marginal cost.