Yield on a bond refers to:
a. the coupon-rate of the bond.
b. the money earned by selling a bond.
c. the return from a bond after its maturity.
d. the difference between the face value of a bond and the bond price.
e. the annual return until the bond matures.
e
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The shape of the productivity curve reflects the
A) effects of capital accumulation. B) effects of technological progress. C) change in labor productivity as human capital increases. D) law of diminishing marginal returns. E) effects of population growth.
When resource markets are free to adjust, temporary differentials will cause
a. b, c, and e to occur b. the allocation of fewer resources to lower-paid uses c. the equalization of payments for the same resource in different uses d. no change in the allocation of resources e. the allocation of more resources to higher-paid uses