International trade permits greater consumption than would be possible from the domestic production alone
a. True
b. False
Indicate whether the statement is true or false
True
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Demand deposits are deposits in banks that are available upon making a cash withdrawal or writing a personal check
a. True b. False Indicate whether the statement is true or false
In answering which of the following questions would you find it necessary to calculate a present value?
a. Should Jane put $1,000 today into a 5-year certificate of deposit that pays 4 percent annual interest? b. Should ABC Corporation buy a factory today for $2 million, knowing that the factory will yield the corporation $3 million after 5 years? c. If Jill puts $5,000 today into a bank account that pays 3 percent interest, then how much will she have in the account after 2 years? d. You would find it necessary to calculate a present value in order to answer all of these questions.
Whether in a natural monopoly or a simple monopoly, the regulated price of electricity is theoretically supposed to be set where
A. marginal cost equals zero. B. there is no accounting profit. C. there is no economic profit. D. marginal revenue is zero.
Generally, the prime interest rate:
A. moves in the opposite direction as the federal funds rate. B. remains constant over long periods of time. C. is highly inflexible downward. D. moves in the same direction as the federal funds rate.