Suppose the current one-year interest rate is 4%, and financial markets expect the one-year interest rate next year to be 8%. Given this information, the yield to maturity on a two-year bond will be approximately

In the model of an oligopoly with identical (homogeneous) products, what is the price likely to be?

What will be an ideal response?

A.C. Pigou argued that the government can deal with a positive externality in consumption by giving consumers a subsidy equal to the value of the externality

Indicate whether the statement is true or false