Tax laws treat all in-kind payments as taxable income to the employers

In chapter 1 your authors marveled at the way highway traffic is orderly and self-regulating. In chapter 6, however, they discuss a growing problem on urban roadways—congestion. What's the cause of roadway congestion?

A) Typically, road use is a scarce good with a zero price tag. B) Not enough drivers have studied economics. C) More and more drivers think only of themselves. D) Population growth

The ________ is calculated by multiplying the coupon rate times the par value of the bond

A) present value B) face value C) coupon payment D) maturity payment