You are thinking of buying a 10-year bond on the secondary bond market. The face value of the bond is $10,000 . the interest rate is 5 percent (0.05) per year, and the bond was issued exactly eight years ago. What is the value of the bond today?

Refer to the payoff matrix below, which ________ a prisoner's dilemma. If both countries cooperate, Home will choose Policy ________ and Foreign will choose Policy ________

A) is; 1; A B) is; 2; B C) is; 1; B D) is not; 2; B E) is not; 1; A

Inferior goods have an income elasticity of demand that is:

a. positive. b. negative. c. 0. d. greater than 1 in absolute value. e. equal to 1 in absolute value.