Which of the following expressions gives the present value of future dividends for a company whose current dividend is $5.00 and whose future dividends are expected to grow at rate g?
A) [$5.00(1 - g)]/(i - g)
B) [$5.00(1 + g)]/(i + g)
C) [$5.00(1 - g)]/(i + g)
D) [$5.00(1 + g)]/(i - g)
D
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Government intervention
a. can provide incentives to conduct business in an illegal black market b. plays no role in generating wealth c. is the best way to eliminate poverty d. does not enforce property rights
The main reason economists are concerned about the problem of idle or unemployed resources is that: a. high rates of crime are related to high rates of unemployment
b. high rates of inflation are caused by idle land, labor, and capital resources. c. government benefits paid to unemployed workers put stress on the federal budget. d. unemployed resources mean less production and a lower standard of living for the nation.
Which of these would NOT be considered a middleman in a market?
A) a produce wholesaler B) a wheat farmer C) a cellphone retailer D) a meat distributor
Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.
Figure 34.4Refer to Figure 34.4. The demand and supply of pounds are S2 and D2. Which of the following can change the equilibrium exchange rate ($/pound) to $1.50 and the equilibrium quantity to 400 pounds?
A. the price level in Great Britain decreases B. United States purchases of British-made cars increase C. income in Great Britain decreases D. British purchases of U.S.-made cars increase