Safe drivers buying "accident forgiveness" insurance tend to
a. Become even safer drivers
b. Engage in more risky driving
c. Engage in less risky driving
d. Not change their driving patterns
b
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In 2015, Smileytown consumed 12,000 gallons of mouthwash. In 2016, mouthwash consumption rose to 17,000 gallons. Calculate the percentage change in mouthwash consumption
A) 17.2% B) 29.4% C) 41.7% D) 70.6%
Sellers of a good will bear the larger part of the tax burden, and buyers will bear a smaller part of the tax burden, when the a. tax is placed on the sellers of the good
b. tax is placed on the buyers of the good. c. supply of the good is more elastic than the demand for the product. d. demand for the good is more elastic than the supply of the product.
Which of the following accurately represents income earned by all factors of production?
A. national income B. disposable personal income C. personal income D. wages and salaries
Suppose you were given $100,000 by your grandparents and told that you could spend half of it but were to invest the other half to give your own grandchild a gift. What concept would you use to figure out how much your present to your grandchild would be worth in 40 years?
A. Internal Rate of Return B. Future Value C. The Rule of 72 D. Present Value