A newly-issued eighteen-year Treasury security can be stripped into __________ separate zero coupon securities
A) two
B) eighteen
C) thirty-seven
D) seventy-three
C
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According to the theory of purchasing power parity, in the long run
A) the nominal exchange rate should equal the domestic inflation rate. B) the domestic inflation rate should equal the foreign inflation rate. C) the real exchange rate should equal 1. D) the real exchange rate should equal the domestic inflation rate divided by the foreign inflation rate.
Game theory would classify a cartel under the topic of
A) zero-sum games. B) cooperative games. C) noncooperative games. D) dominant-strategy games.
If the demand elasticity for corn in the current marketing is -0.5 and you know that the demand curve is linear and it goes through 10 billion bushels at a price of $5.00 per bushel, then if production turns out to be 12 billion bushels, the price of corn will be
A. $3.00 B. $4.00 C. $5.00 D. $6.00
Households acquire property through
A. inheritance only. B. savings and inheritance. C. supplying labor in the labor market. D. savings only.