The "time-value of money" refers to the fact that:
A. a given amount of money becomes more valuable over time.
B. a given amount of money is more valuable the sooner it is obtained.
C. people expect monetary compensation for their labor time.
D. a given amount of money today is equivalent to a smaller amount of money in the future.
Answer: B
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Unemployed workers in Bosnia could receive up to 30 weeks of unemployment insurance. However, during a recent recession, the government extended the eligibility period to 45 weeks
How is this change in policy likely to affect the labor market in Bosnia?
If two goods are complements,
A) the demands for both goods will be elastic. B) cross price elasticity of demand will be 0. C) cross price elasticity of demand will be negative. D) cross price elasticity of demand will be positive.
The budget deficit decreases during economic booms and increases during recessions.
Answer the following statement true (T) or false (F)
Refer to the information provided in Table 8.6 below to answer the question(s) that follow.
Table 8.6
Refer to Table 8.6. The marginal cost of the fourth unit is ________ and the average total cost of four units is ________.
A. $15; $17.50 B. $5; $15 C. $10; $22.50 D. indeterminate from the given information