When an investor buys a corporate bond, the ________ is a loan to the corporation
A) principal of the bond B) bond's dividend payments
C) interest on the bond D) coupon payment
A
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Does an increase in the demand for Introductory Economics increase the cost to students of taking the course?
A) No, because tuition rates are not set to clear the market. B) Not if the college refuses to hire additional people to teach the course. C) Yes, if the course is consequently taught in a larger room, which costs more to heat. D) Yes, insofar as students have to accept less satisfactory class schedules in order to take the course.
Although he is very poor, Al plays the million-dollar lottery everyday because he is certain that one day he will win. Al makes this calculation based upon
A) the frequency of past outcomes. B) subjective probability. C) knowledge of all possible outcomes. D) tossing a coin.