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.
c
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Financial intermediaries reduce transactions costs by
A) charging fees to small savers. B) charging fees to small investors. C) taking advantage of economies of scale. D) avoiding risky investments.
Explain why an external benefit leads to an under-allocation of resources to the production of a good
What will be an ideal response?
If the marginal propensity to consume, MPC, is less than 1 and a household's disposable income increases by $2,000, the household's consumption will _____
a. increase by less than $2,000 b. increase by $2,000 c. decrease if the total income of the household is above $100,000 d. remain the same unless the change in income significantly affects the household's wealth e. increase by more than $2,000
To understand how poverty, inequality, and discrimination affect the economy, __________ analysis is used, and _________ analysis is used to address whether the government should try to reduce inequality in the name of social justice.
A. positive; objective B. subjective; normative C. normative; positive D. positive; normative