If the interest rate is 10 percent, what is the present value of an asset that yields an annual return of $10,000?
a. $1,000
b. $10,000
c. $1,000,000
d. $100,000
e. not enough information to determine
D
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The amount earned by the tertiary laborer is determined by labor productivity in the primary and secondary sectors of the U.S. economy
Indicate whether the statement is true or false
Which of the following hinders economic freedom?
a. Lower taxes b. Regulations on emissions from automobiles c. International trade d. Secure private property rights e. A democratic government
Which of the following is an argument against the idea that tariffs are necessary to protect against dumping?
a. It is difficult to assess whether a country is dumping its products or simply has lower production costs. b. Products dumped by foreign suppliers are usually outdated and pose no threat to domestic suppliers. c. It is considered more important to stockpile foreign goods to maintain supply during a war. d. Tariffs are not needed to counter dumping because environmental laws are in place to punish violators.
You have just won a ticket to see John Mayer in concert this Saturday evening. Nevertheless, it would cost you around $20 in transportation costs to go to the concert since you would have to drive to the neighboring city (where the concert is taking place). Tickets for the concert are selling for $100 in your town. Assuming you only work Monday-Fridays, the cost of going to the concert is:
A. $0 B. $80 C. $120 D. $100