A $1000 face value coupon bond with a $60 coupon payment every year has a coupon rate of
A) .6 percent.
B) 5 percent.
C) 6 percent.
D) 10 percent.
C
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During recessions, when some workers lose their jobs and have lower incomes, sales of durable goods (goods with a life expectancy of 3 years or more) decline. Apparently, durable goods are:
A. inferior goods. B. substitutes. C. complements. D. normal goods.
Social Security payments are examples of
A) transfer payments. B) nondurable goods. C) durable goods. D) services.
It is easy to define income for tax purposes
a. True b. False
Refer to the table below. If Fresh Laundry is currently producing 2 quality units, to maximize profit, Fresh Laundry should ________ the number of quality units as the current quality marginal revenue is ________ than its marginal cost.
Fresh Laundry is a firm that produces laundry detergent. The table above summarizes Fresh Laundry's product quality marginal revenue and marginal cost at various quality levels.
A) increase; greater
B) decrease; greater
C) increase; less
D) decrease; less