One common measure of the "standard of living" in a nation is ________.

Which of the following bonds will have the highest yield-to-maturity if all three bonds appear identical to investors in terms of risk, liquidity, information costs, tax treatment?

A) one with a coupon of $50 B) one with a coupon of $100 C) one with a coupon of $200 D) none of the above

If a consumer is spending a small portion of his or her income on a good, then the demand for the good is likely to be inelastic

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