When an investor buys a corporate bond, the ________ is a loan to the corporation
A) principal of the bond B) bond's dividend payments
C) interest on the bond D) coupon payment
A
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Refer to the table above. The opportunity cost per dollar of value added in designing shoes by workers in Laborland is ________
A) $0.25 B) $0.50 C) $2 D) $4
The level of aggregate expenditures in the private closed economy is determined by the
A. expenditures of consumers and business B. intersection of the saving schedule and the 45-degree line C. equality of the MPC and MPS D. intersection of the saving and consumption schedules
Individuals live and work in both individual and aggregate economic entities
a. True b. False Indicate whether the statement is true or false
Which of the following is a principle concerning how people interact?
a. Markets are usually a good way to organize economic activity. b. Rational people think at the margin. c. People respond to incentives. d. All of the above are correct.