Investment in physical and human capital is typically encouraged by
A. lower taxes on returns to education.
B. lower taxes on interest income.
C. lower taxes on investment returns.
D. all of the options are correct.
Answer: D
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A straight-line production possibilities boundary differs from a concave boundary in which of the following ways?
A) The straight-line boundary shows opportunity cost, whereas the concave boundary does not. B) The straight-line boundary illustrates constant opportunity costs, whereas the concave boundary illustrates increasing opportunity costs. C) A straight-line boundary is associated with a command economy, whereas a concave boundary is associated with a free-market economy. D) The concave boundary illustrates constant opportunity costs, whereas the straight-line boundary illustrates decreasing opportunity costs. E) The straight-line boundary does not show scarcity, whereas the concave boundary does.
Recently, Chrysler bonds with a face value of 100 closed at 103 . The coupon rate was 12.75 . The current yield on these bonds was
a. 103 percent. b. 3 percent. c. 12.75 percent. d. less than 12.75 percent.