Ceteris Paribus,the Wages of Clerks Would Increase If There Was

question 79

Multiple Choice

Ceteris paribus,the wages of clerks would increase if there was a decrease in:

• A) the period of training required for clerk jobs.
• B) non-monetary "fringe" benefits received by clerks.
• C) the marginal revenue product of clerks.
• D) the cost of medical insurance benefits paid to clerks.

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Definitions:

Yield To Maturity

The total return anticipated on a bond if the bond is held until it matures, encompassing all interest payments and the repayment of principal.

Par Value

The face value of a bond, or the stock value stated in the corporate charter, often used as the basis for accounting of the bond or stock.

Annual Coupon

The annual coupon is the interest payment that a bond issuer makes to bondholders each year, expressed as a percentage of the bond's face value.

Price

The amount of money required to purchase a good, service, or asset.