Answer:
The correct answer is (D)
Explanation:
Actual adjusted budget and cyclically adjusted budget are critical to obtain full employment in the economy. Although, it is quite difficult to achieve full employment rate, but if an economy achieves it, the actual budget is can be equal to cyclically adjusted budget. This means, an economy’s expenditures are exactly equal to spending. It can only be achieved when an economy's GDP is at full potential.
Answer:
D. The market value of the bond approaches its par value as the time to maturity declines. The yield-to-maturity approaches the coupon interest rate as the time to maturity declines.
Explanation:
Regardless of the market rate, the cash flow of the bond are fixed.
Thus, at maturity if the bond face value is 1,000 it will be traded at 1,000
days before it will be traded at 1,000 less the market discount rate but, they exposure to interest will be fewer than 10 years ago thus, their effect minimize. <u><em>As time passes the market value gets closer to maturity</em></u>
Same is throught for the YTM as time passes the interest weight in the market value decreases and thus, the maturity which tends to match face value increases. making the YTM closer than the actual bond rate.
A very small number of firms producing a homogeneous product
Explanation:
An oligopoly is a corporate structure regulated by a few firms. It has been said that a market is highly competitive as divided by a few companies. Although only a few businesses rule, other small businesses will exist on the market as well.
Another oligopoly example is automotive manufacturing;
Ford (F), GMC and Chrysler are the main car manufacturers in the United states. In spite of smaller mobile operators, Verizon (VZ), Sprint (S), AT&T (T), and T-Mobile (TMUS) continue to be the industry's leading network.
He has to have negative marginal returns. I hope this helps :)