If the interest rate is 7 percent, what is the current value of $80 to be received one year from now?
a. $47.05
b. $74.77
c. $85.60
d. $136
B
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In the example of coordination problems between Google and Motorola Mobility, one method to solve the problems was
A) to undertake a merger or acquisition. B) form a joint venture. C) for one firm to subcontract with the other. D) All of the above.
The movements of real GDP and inflation during the 1973-1975 recession can be best explained by a:
a. rightward shift of the aggregate demand curve. b. leftward shift of the aggregate demand curve. c. rightward shift of the aggregate supply curve. d. leftward shift of the aggregate supply curve.
When the rate of cyclical unemployment is zero, the
a. natural rate of unemployment must also be zero. b. rate of frictional unemployment must be negative. c. economy must have entered a recessionary stage. d. economy is considered to be at full employment.
Which of the following statements represents bad decision making?
A. I've put in so much time on this paper, I can't quit now. B. I've already paid for the ticket so I might as well stay to the end. C. I've already spent 3 years in the college so I can't drop out and go to work now. D. My stock has dropped $10 a share so I can't afford to sell it now. E. all of the above.