To claim that a lottery winner who is to receive $1 million per year for twenty years has won $20 million ignores the process of
A) face value.
B) par value.
C) deflation.
D) discounting the future.
D
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The marginal social benefit curve for water quality slopes downward because
a. the total benefit from clean water decreases as water becomes cleaner b. the added benefit from cleaner water is greater when water quality is poor than when water quality is high c. the added benefit from cleaner water is smaller when water quality is poor than when water quality is high d. the total benefit from clean water increases as water becomes cleaner e. people demand clean water at any price
To be considered employed, a person must have worked at least __________ hour(s) during the previous week
a. 40 b. 20 c. 10 d. 12 e. 1
In the twelfth century, the bulk of world population lived in:
a. Asia b. Africa c. Europe d. The European offshoots e. none of the above
Refer to the information provided in Figure 6.1 below to answer the question(s) that follow.
Figure 6.1Refer to Figure 6.1. Assume Tom's budget constraint is AC. At which point does Tom consume only hamburgers?
A. A B. B C. C D. D