How much is a person’s investment worth after 25 years if they invest $200 at 3%?
a. $418
b. $350
c. $275
d. $260
a. $418
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Which of the following statements is true?
A) Income inequality within most countries has increased during the past 20 years. B) Income inequality across the entire world has decreased during the past 20 years. C) Income inequality within most countries and across the entire world has not changed much during the past 20 years. D) Both A and B are correct. E) None of the above is correct.
Refer to Figure 21-3. Which of the following is consistent with the graph depicted above?
A) Taxes are changed so that real interest income is taxed rather than nominal interest income. B) Technological change increases the profitability of new investment. C) The government runs a budget deficit. D) An expected recession decreases the profitability of new investment. Figure 21-4
The aggregate demand curve shows that at higher price levels the total quantity of output demanded is greater.
Answer the following statement true (T) or false (F)
A consumer likes two goods: hamburgers and watermelons. The five bundles shown in the table below lie on the same indifference curve for the consumer. Bundle Hamburgers Watermelons A 10 3 B 5 3 C 3 3 D 3 5 E 3 10
Which of the following statements regarding these bundles is correct? a. The goods are perfect substitutes for this consumer. b. The goods are perfect complements for this consumer. c. The bundles violate the property that indifference curves do not cross. d. Both b) and c) are correct.