Suppose the interest rate is 8 percent. Consider three payment options: 1 . $200 today. 2 . $220 one year from today. 3 . $240 two years from today. Which of the following is correct?
a. Option 1 has the highest present value and Option 2 has the lowest.
b. Option 2 has the highest present value and Option 3 has the lowest.
c. Option 3 has the highest present value and Option 1 has the lowest.
d. None of the above is correct.
c
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"Beaten paths" in the context of labor migration are:
A. Routes taken previously by family, relatives, and friends B. Routes that have been "over used" by previous immigrants C. Routes that are no longer followed by immigrants D. Typical methods used to increase human capital
A characteristic of stock prices is that ________
A) they tend to go up on the upswing of the cycle B) they tend to go down on the downswing of the cycle C) they are a leading indicator D) all of the above E) none of the above
In-kind assistance programs are direct transfers of goods and services to the poor
Indicate whether the statement is true or false
The development of additive manufacturing technology (3-D printers) is expected to lower prices by doing which of the following?
A. Reducing the cost of producing blueprints for manufactured goods. B. Promoting greater economies of scale in manufacturing. C. Reducing the demand for manufactured goods. D. Reducing both large fixed set-up costs and transportation costs.