A corporate bond is a promissory note issued by a firm when it borrows money.

In the figure above, assuming that the firm does not shut down, it will charge a price of

A) $1. B) $2. C) $3. D) $4.

The maximin criterion is the idea that the government should aim to maximize the well-being of the worst-off person in society

a. True b. False Indicate whether the statement is true or false