For collusion to make sense, the payoff matrix must be a

Comparative advantage is the ability to

A) perform an activity at a lower opportunity cost. B) determine who your best trading partners are. C) determine the best use of capital goods. D) convince others of the best choices to make in their own self-interest.

If a corporate bond with face value of $1,000 has an interest rate of eight percent paid once a year for a term of 30 years, what is the size of the annual coupon payment?

A) $1,000 B) $300 C) $80 D) $8