Artists as a whole would be better off if they received royalty payments each time their work was resold.
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Q4: A borrower sells bonds,and a lender buys
Q5: A perpetuity is a bond with an
Q6: No one benefits when interest rates rise,because
Q7: It would be irrational to promise to
Q8: Future productivity increases will be reflected in
Q10: Firms have an incentive to practice planned
Q11: The present value of a perpetuity falls
Q12: A bond that promises a series of
Q13: Without inflation the real interest rate is
Q14: Increases in interest rates lead to overall
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