If you want to purchase a new sailboat in two years for $9,000, how much would you presently need to have in your bank account to have $9,000 in two years? Assume your bank account pays 3 percent interest
A) $8,484 B) $8,613 C) $8,738 D) $8,822
A
You might also like to view...
An increase in net taxes (taxes paid by the private sector to the government less transfer payments and interest payments made by the government to the private sector) will:
A. increase private saving. B. increase public saving. C. decrease public saving. D. reduce investment in new capital equipment.
Suppose one person buys a copy of Consumer Reports and gives away free copies to all who request one. This is an example of
A) free rider problem. B) moral hazard. C) adverse selection. D) economies of scale.
Which of the following statement is FALSE?
A. A market may be composed of only one buyer and one seller. B. Perfectly competitive markets are composed of many buyers and sellers. C. Some markets may have only a few sellers but exhibit the properties of perfect competition. D. All of the above statements are correct.
Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in demand and an increase in quantity supplied are represented by a movement from:
A. point b to point a. B. point c to point d. C. point d to point a. D. point b to point d.