The demand for labor is derived from the demand for final goods which that labor is used to produce
a. True
b. False
Indicate whether the statement is true or false
True
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If you want to know the present value of $5,000 received in one year, and the interest rate is 2 percent, what formula can you use?
A) Present value equals 1.02 divided by $5,000. B) Present value equals $5,000 times 0.02. C) Present value equals $5,000 times 1.02. D) Present value equals $5,000 divided by 1.02
A less costly alternative to protection of national defense industries would be a production subsidy
Indicate whether the statement is true or false
When you deposit a $50 bill in the Security Pacific National Bank
A) its liabilities decrease by $50. B) its assets increase by $50. C) its reserves decrease by $50. D) its cash items in the process of collection increase by $50.
The Social Security system in the United States today is
a. actuarially sound. b. composed of a private pension fund into which workers have paid and who will withdraw their invested funds upon retirement. c. currently in no danger of running out of money in the long run. d. no longer a "pay as you go" system.