You own stock worth an estimated $1 million in the LPL corporation. In addition, you have personal assets worth another $2 million. LPL becomes insolvent, with debts exceeding assets by $15 million. Your personal wealth will decline by
a. $0
b. $1 million
c. $1.5 million
d. $3 million
e. your proportion of the total outstanding stock shares times $15 million
B
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The tables above show a nation's labor demand and labor supply schedules and its production function. The equilibrium real wage rate is ________ and the equilibrium quantity of labor is ________ billion hours per year
A) $50; 100 B) $40; 90 C) $30; 80 D) $40; 80 E) $20; 110
Of the following four motorists, who is speculating?
A) The one driving on empty, looking for the best gasoline price in town B) The one who fills his gasoline tank believing he has found the lowest gas price around C) The one who fills his gasoline tank on news Iraq has once again invaded Kuwait D) All of the above. E) None of the above.
Suppose your uncle offers you $100 today or $150 in 10 years. You would prefer to take the $100 today if the interest rate is
a. 3 percent. b. 4 percent. c. 5 percent. d. None of the above is correct.
Peru is presented in the video as an example of a country in which:
A. changes in inflation rates are not as mild as they are in the United States. B. hyperinflation wiped out the local currency completely. C. changes in inflation rates tend to be milder than they are in the United States. D. the rate of inflation is tied directly to the rate of inflation for the U.S. dollar.