If you put $700 in a savings account at an interest rate of 3 percent, how much money will you have in one year?
A. $721
B. $703.00
C. $370
D. $679.61
Answer: A
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According to Hughes and Cain (2011), today's growth in white-collar jobs is fueled by investments in education and does not depend on apprentice-style training or land holdings
Indicate whether the statement is true or false
Jim saw a decrease in the quantity demanded for his firm's product from 800 . to 600 . units a week when he raised the price of the product from $200 to $250 . Based on this information, the demand for Jim's product is
a. Elastic b. Unitary elastic c. Inelastic d. Hard to determine
If a good is normal and its price decreases,
a. the income effect will be positive and the substitution effect will be positive. b. the income effect will be negative and the substitution effect will be negative. c. the income effect will be positive and the substitution effect will be negative. d. the income effect will be negative and the substitution effect will be positive.
If you look at a graph depicting fluctuations in the U.S. economy (a record of its sequential business cycles), many of its peaks or prosperity phases seem to be associated with
a. economic, social, and political stability as well as peace b. low unemployment and low prices c. high unemployment and low prices d. periods of military engagement e. less government involvement in the economy