Michelle Palmisano has the rare talent to be a top rodeo rider, yet her winnings are not anywhere near the level of players in the major pro sports. The reason is that
a. anyone can ride in a rodeo
b. demand and supply have simultaneously shifted by unknown amounts
c. demand for her talent is not sufficient to support a high level of pay
d. technology for saddles has not advanced for a long time
e. consumer incomes have been increasing substantially
C
Economics
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Indicate whether the statement is true or false
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A "junk bond" is a bond with a
A) low yield to maturity. B) value of zero. C) low face value, but high coupon rate. D) high default risk. E) very low maturity.
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