If you invest $4,000 in a savings account paying 3 percent interest, how much will your investment be worth in 25 years?
What will be an ideal response?
($4,000)(1.03)25 = $8,375.11
Economics
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Briefly summarize the empirical literature on the long-run costs typically incurred by firms in a variety of industries. In particular, is there reason to believe that firms' long-run cost curves assume the typical U-shape? Why or why not?
What will be an ideal response?
Economics
When an inverse relationship is graphed, the resulting line or curve is:
A. horizontal. B. vertical. C. upward-sloping. D. downward-sloping.
Economics
Governments choose to pursue industrial policy to:
A. regulate the growth of certain industries. B. raise tax revenue. C. spur economic growth. D. create publicly owned companies.
Economics
When disposable income is 6,000, savings is
A. 4,000.
B. 4,500.
C. 2,000.
D. 1,500.
Economics