A ______ Bond Is a Bond Whose Proceeds Are to Be

question 17

Multiple Choice

A ______ bond is a bond whose proceeds are to be used to pay for a project that will not produce any income.

• A)government bond
• B)corporate bond
• C)revenue bond
• D)general obligation bonds

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Definitions:

Normative Economics

A branch of economics that focuses on what ought to be or what should be, often based on value judgments and opinions.

Positive Economics

A branch of economics that focuses on factual and cause-and-effect relationships, avoiding value judgments about what ought to be.

Production Possibility

A concept representing the various combinations of goods and services an economy can produce, given certain resources and technology.

Linear Production

A production process where inputs are combined in fixed proportions and the output level changes linearly with changes in input levels.