Suppose you will receive $800 in two years. If the interest rate is 5 percent, then the present value of this future payment is
a. $725.62 . It would be higher if the interest rate were higher.
b. $727.28 . It would be higher if the interest rate were higher.
c. $725.62 . It would be lower if the interest rate were higher.
d. $727.28 . It would be lower if the interest rate were higher.
c
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In the short run, a price increase in the goods and services market will
a. increase the purchasing power of money. b. improve producer profits and, thereby, induce suppliers to expand output. c. increase resource prices, lower profits, and lead to a decline in output. d. reduce the natural rate of unemployment.
In the process of creating an internal structure, "assess relative value" is done after _____.
A. determining what to value B. collecting and summarizing job content information C. translate into structure D. job evaluation
A bowed outward production possibilities curve occurs when
A. resources are not scarce. B. additional units of output of one good necessitate greater reductions in the other good. C. there are surpluses in the goods being produced. D. opportunity costs are constant.
Public goods are
A. provided only by the capitalistic system. B. any goods or services produced by the government. C. provided to additional users at no additional cost. D. provided only by the communist system.