The interest rate that equates the present value of payments received from a debt instrument with its value today is the
A) simple interest rate.
B) current yield.
C) yield to maturity.
D) real interest rate.
C
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One of the primary reasons that costly technology is being introduced into the health care system is
a. research scientists have successfully mapped the human genome. b. high cost is synonymous with better outcomes. c. third-party insurance finances most of the cost of care. d. all of the above.
Which self-correcting mechanism do businesses have but government agencies do not?
a. Competitors b. Budgets c. Contracts d. Administrative tasks
Which of these is a characteristic of monopolistic competition? a. There are barriers to the entry of new firms
b. There are many firms with no control over price. c. The product of each firm is a close substitute of the products produced by other firms. d. The product of each firm is unique and entirely different from the products produced by other firms.
Production costs are likely to rise after an average-cost pricing policy is mandated because the monopolist will:
A. increase output. B. decrease output. C. engage in new and inventive production methods. D. have no incentive to control costs.