The basic economic problem of ________ has always existed and will continue to exist

The duration of a coupon bond increases

A) the longer is the bond's term to maturity. B) when interest rates increase. C) the higher the coupon rate on the bond. D) the higher the bond price.

The total welfare associated with a market that includes a government sales tax equals

A) consumer surplus plus producer surplus. B) consumer surplus plus producer surplus minus government tax revenue. C) consumer surplus plus producer surplus plus government tax revenue. D) the government tax revenue.