A person obtains income by selling the services of the resources that he or she owns
a. True
b. False
Indicate whether the statement is true or false
True
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Health Bars is considering a two-year advertising campaign. The campaign will cost $60,000 at the end of each of the two years. The managers of Health Bars have estimated that the campaign will generate $42,000 a year in additional profit for the next three years. If the discount rate is 4 percent, what is the net present value of the advertising campaign?
A) $5,125 B) $3,388 C) $2,896 D) $3,952
Many minor league ballplayers get called up to play in the majors and then get sent back down again to the minors. Jim makes $26,000 in the minors and then when he gets called up he makes $125,000, though he never plays and is an unknown name to the fans. It is most likely true that
A. A portion of Jim's major league salary is economic rent. B. Jim is irrational to accept only $26,000 in the minor leagues. C. Jim was playing for way below the value of his marginal product in the minor leagues. D. Jim's productivity suddenly increases by $99,000 when he is called up to the majors.
Foreign aid:
A. provided by developed countries to developing countries represents about 10 percent of the GDP of developed countries. B. is an important source of funding for investment in most developing countries. C. does not contribute much to domestic investment in most developing countries. D. is largely wasted in most developing countries because it comes with no strings attached.
Dumping is sometimes legal under international trade agreements.
Answer the following statement true (T) or false (F)