What is a corporate bond and what does it specify?
What will be an ideal response?
A bond is a promise to repay a fixed amount of funds with the coupon rate, the face value of the bond, and the maturity period specified.
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If Libby can produce 20 gallons of beer or 5 gallons of wine per hour, her opportunity cost of one gallon of beer is 4 gallons of wine
Indicate whether the statement is true or false
The problem of determining for whom to produce exists because:
A) government regulations prevent firms from producing the kinds of goods that consumers want. B) a decision that one person or group will receive a good or service usually means that another person or group will not. C) taxes on firms make it more costly for them to produce all the goods that people want. D) taxes on consumers make it more difficult for them to buy all the goods they want.