A basic finding of labor economics is that workers who have more experience in the labor force are paid more than workers who have less experience (holding constant the amount of formal education). Why might this be so? Some studies have also found that experi-ence at the same job (called job tenure) has an extra positive influence on wages. Explain why this might occur.
Chapter 11: Liabilities - Bonds Payabl e 11.1 Nature of Bonds Payable 1. A Bond is a form of interest-bearing note. They are long-term debt bearing instruments issued by private companies and government organizations for the purpose of generating capital. a. Like a note, bonds require periodic (usually semi- annual) interest payments. b. Bonds also require their face value to be repaid on their maturity date. c. Bondholder claims rank ahead of stockholder claims on a company's assets. 2. The face amount of a bond is called the Principal. a. Principal is almost always $1,000 (or a multiple of $1,000).
