If you put $300 into an account paying 2 percent interest, what will be the value of this account in 4 years?
a. $320.69
b. $324.00
c. $324.73
d. $327.81
c
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From 1995 to 1999 there was a dramatic rise in stock prices. If this rise made people feel wealthier, then it would have shifted
a. aggregate demand right. b. aggregate demand left. c. aggregate supply right. d. aggregate supply left.
Creative destruction by innovation means
A. destruction of an innovative product once it fails in the market. B. introduction of an innovative product makes older substitute goods obsolete. C. substitute goods make innovative goods less competitive in the market. D. introduction of innovative goods increase the competition in the market
The tax brackets in a particular year are 10% on earnings up to $35,000, 20% on earnings from $35,001 to $75,000, 30% on earnings from $75,001 to $150,000, and 33% on earnings over $150,000. Professor Schmidt earns $125,000. Which information do we need to use to calculate her marginal tax rate?
a. the lowest tax rate and the highest tax rate b. the tax rate for each category up to $150,000 c. the highest tax rate she will pay on her income d. her salary and the tax rate on wages over $150,000
If the demand curve a monopolist faces is perfectly elastic, then the ratio of the firm's price to the marginal cost is
A) 0. B) 1. C) 2. D) None of the above—the answer cannot be determined.