When the interest rate in the economy was 10%, the price of a bond with no expiration date and pays a fixed annual interest of $500 was $5,000. If the interest rate in the economy falls to 6%, the price of this bond will be about:

Rent Control

Read William Tucker's article on rent control (published by the Cato Institute). Questions: What was the original intent behind rent control? Why did voters in Boston decide to eliminate rent control? The author argues that rents are higher in cities in which rent control exists than in cities without rent control. Does this necessarily suggest that rent control raises the rental rate for housing? Is there another possible interpretation? Use a diagram containing demand and supply curves to illustrate the effects of rent control on the quantity of housing demanded and supplied. Briefly describe the "shadow market" for housing existing in New York City. How might the existence of this market account for the large difference between median gross rent and median advertised rent

Every time an individual decides to try out new equipment, or finds better ways to manage money, he or she is exhibiting aspects of: a. money management

b. entrepreneurship. c. strategic management. d. capital management.