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【題目】 Bonds that have an option exercisable by the issuer to retire them at a stated dollar amount prior to maturity are known as:
答: Callable bonds.
【題目】 The
price elasticity of demand for cigarettes is 0.4. If government wants to
reduce smoking by 10 percent, by how much should it raise the price of
cigarettes by imposing a tax?
答: by 25 percent
【題目】 If a fall in the price of good A increases the quantity demanded of good B,
答: A and B are complements
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- Callable bonds
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