Technological advance improves allocative efficiency by:
A. enhancing monopoly power.
B. reducing income inequality.
C. giving society a more-preferred mix of goods and services.
D. encouraging saving.
Answer: C
Economics
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A bond is a financial security that represents
A) ownership in a corporation. B) the portion of profits paid to shareholders. C) the interest rate paid on a share of stock. D) a promise to repay a fixed amount of funds.
Economics
ABC Corp. is considering an investment project that costs $500 today. It expects the project will yield income of $200 at the end of years 1, 2, and 3. The interest rate must be ________ for the firm to undertake the project.
A. at least 11% B. exactly equal to 10% C. no more than 9% D. It is indeterminate from the given information.
Economics