A corporation is liable to pay to bondholders the
A. current interest rate in the bond market.
B. current yield on the particular bond.
C. coupon rate on the bond.
D. yield on the bond at maturity.
Answer: C
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Moving along the short-run Phillips curve, if ________ increases, then ________ decreases
A) unemployment; the price level B) inflation; real GDP C) inflation; unemployment D) unemployment; the expected inflation rate E) inflation; the price level
All of the following are true for both competition and monopolistic competition in the long run, except one of them. Which is it?
a. P = MC b. P = AC c. Economic profits become zero in the long-run d. The barriers to entry and exit are relatively easy e. None of the above is an exception
The most common form of business organization in the United States is the sole proprietorship
a. True b. False
According to the graph shown, producing 14 units:
A. will earn more profits than producing 9 or 11 units. B. will earn zero profit. C. is not as profitable as producing 11 units. D. will earn negative profits.