The price of one good divided by the price of another good is a
A) money price.
B) relative price.
C) budget constraint.
D) divisible good.
B
Economics
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A credit market instrument that pays the owner a fixed coupon payment every year until the maturity date and then repays the face value is called a
A) simple loan. B) fixed-payment loan. C) coupon bond. D) discount bond.
Economics
Which of the following is NOT considered to be an economic resource?
A) your economics professor B) the telephone company repair truck C) the local gas station D) a view of the stars on a clear night
Economics