The __________ is always larger than the __________
A) yield on a discount basis; coupon equivalent yield
B) yield on a discount basis; bond equivalent yield
C) coupon equivalent yield; yield on a discount basis
D) None of the above.
C
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One group of people uses New York City subways only during rush hour to travel to and from work. Another group uses them only in midday for leisure activity. If New York City wants to increase transit fares with the smallest possible reduction in revenue, for which group should it increase the fare?
a. The rush-hour group because its demand for subway service is more elastic than that of the midday group. b. The rush-hour group because its demand for subway service is less elastic than that of the midday group. c. The midday group because its demand for subway service is more elastic than that of the rush-hour group. d. The midday group because its demand for subway service is less elastic than that of the rush-hour group. e. It doesn't matter because both groups have the same elasticity of demand.
Which of the following factors are likely to lead to an increase in the female/male earnings ratio in the future?
a. As the labor force participation of women increases, their years of work experience will become more similar to men. b. In recent years, a higher proportion of women have been preparing for careers in the professions. c. As the proportion of families headed by a female parent increases, the average hours worked per week of female employees will decline. d. Both a and b are correct.