Countries with high real GDP tend to have ________ infant mortality rates and ________ literacy rates than countries with low real GDP.

A. lower; lower
B. lower; higher
C. higher; higher
D. higher; lower

Answer: B

Economics

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Firms serve similar functions to

A) courts. B) governments. C) markets. D) all of these choices.

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The issue of bonds in corporate financing

a. is cheaper than stocks in the long run to the issuer. b. is riskier than stocks to the issuer. c. commits the issuer to make fixed annual payments even if profits are negative. d. All of the above are correct.

Economics