Which of the following is a question answered with normative economic reasoning?
A. If the college provided more financial aid assistance, would more students benefit?
B. Should the college cut tuition to stimulate enrollment?
C. If the college offers free parking for students, will more students drive to campus?
D. If the college increased tuition, would class size decline?
Answer: B
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The nationality of a company and a product is easily determined.
Answer the following statement true (T) or false (F)
A coupon bond has an annual coupon of $75, a par value of $1000, and a market price of $900. Its current yield equals
A) 7.50%. B) 8.33%. C) its yield to maturity. D) Not enough information has been provided to calculate the current yield for this bond.
The age-earnings profile for most people indicates
A) earnings rise continually until a person retires. B) earnings initially decline and then rise continually until retirement. C) that when you adjust for inflation, earnings are constant throughout the entire workplace experience. D) earnings rise until the age of about 50 and then begin to fall until retirement.
State bank notes usually had a face value that was ______ their market value, while the notes of the First Bank of the U.S. usually had a face value that was ______ their market value
a. greater than; less than b. less than; greater than c. equal to; less than d. greater than; equal to