If a consol is offering an annual coupon of $50 and the annual interest rate is 6%, the price of the consol is:
A. $8333.33
B. $47.17
C. $833.33
D. $813.00
Answer: C
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Refer to Figure 2-3. Carlos Vanya grows tomatoes and strawberries on his land. A portion of his land is more suitable for growing tomatoes and the other portion is better suited for strawberry cultivation
Which of the graphs in Figure 2-3 represent his production possibilities frontier? A) Graph A B) Graph B C) Graph C D) either Graph A or Graph B E) either Graph B or Graph C
The payroll tax is a tax imposed on ________ that is used to fund Social Security and Medicare
A) workers only B) employers only C) employers and workers D) the unemployed
A temporary increase in income today leads to
A) a small increase in current consumption. B) a large increase in current consumption. C) a small decrease in future consumption. D) a large decrease in future consumption.
The _____________ received funding from the federal government and two states
a. Chesapeake and Ohio Canal b. Erie Canal c. Pennsylvania Mainline Canal d. Cumberland and Oxford Canal