Under the gold standard, a country with a negative balance of trade would experience
A. an inflow a gold and higher prices.
B. an inflow of gold and lower prices.
C. an outflow of gold and higher prices.
D. an outflow of gold and lower prices.
D. an outflow of gold and lower prices.
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Which of the following is not a characteristic of a public good?
a. It requires resources to produce. b. It is not diminished or depreciated as additional people consume the good. c. Its benefits cannot be withheld from anyone. d. It is a free good. e. It generates value (benefits) to more than one person.
Jessica paid $5,300 for a bond with a face value of $5,000. She will be paid $300 annually as long as she holds on to the bond, until the bond's maturity date. The coupon rate of the bond is
A. 6.0 percent. B. 5.7 percent. C. 13.0 percent. D. 9.2 percent.