$200 invested in a savings account paying an annual interest rate of 5 percent will be worth how much at the end of five years, assuming all interest earned remains in the account?
A. $1,250.
B. $250.
C. $267.25.
D. $255.26.
D. $255.26.
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Juanita, a lawyer, can type faster than Jill, her secretary. Jill, on the other hand, does not have the ability or skills to practice law. Applying the principles of international trade to this situation, an economic consultant advises Juanita to:
a. fire Jill, practice law during the day, and do her own typing at night. b. practice law and leave all the typing to the secretary. c. divide her time equally between typing and practicing law. d. quit practicing law and take a job as a secretary. e. have Jill attend law school.
Advertising attempts to influence which of the following?
a. prices of other goods b. technology c. consumers' incomes d. consumers' tastes e. supply
When compared to a sole proprietorship, a disadvantage of the partnership form of business organization is that there
a. is reduced access to capital resources b. is limited liability c. is shared liability with each partner for all the firm's debts d. can only be two partners e. are fewer opportunities to expand output
In the circular flow diagram saving
a. is a leakage and investment is an injection. b. and investment are both injections. c. is an injection and investment is a leakage. d. and investment are both leakages.