You can either invest in project A or B. Project A could have a value of $150 with a probability of 0.1 or a value of $75 with probability 0.9 . Project B could have a value of $110 with probability 0.2 or a value of $65 with a probability of 0.8 . Which project should you invest in?
a. Project A
b. Project B
c. Neither of the projects
d. You cannot tell from the information presented
a
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Suppose you invest $10,000 at 7% interest to be withdrawn by your heirs in 100 years. According to the rule of 70, approximately how much will your heirs be able to withdraw?
Inflationary GDP is the amount by which equilibrium real GDP falls short of the full employment level of GDP.
Answer the following statement true (T) or false (F)
Which is not a factor of production?
a. Capital b. Money c. Land d. Labor
In the Alcoa case of 1945, the courts held that:
A. the mere possession of monopoly power is a violation of the antitrust laws. B. only contracts and combinations that unreasonably restrain trade are in violation of the Sherman Act. C. retail and wholesale firms are exempt from antitrust legislation. D. firms that sell more than one-half of their output overseas are exempt from antitrust.