Contrary to many researchers' views, Hurst (1969) claims the government needed private investors to fund internal improvements
Indicate whether the statement is true or false
True
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Refer to Table 7-4. Fill in the following table with the opportunity costs of producing light bulbs and flash drives for Mexico and Canada
Light Bulbs Flash Drives Mexico Canada What will be an ideal response?
Would a change in the price of in-line skates cause a change in the supply of in-line skates? Why or why not?
What will be an ideal response?
Which of the following is the best example of the substitution effect?
a. Joe buys fewer apples and more oranges as the result of an increase in the price of apples. b. Joe buys more apples when his income increases. c. Joe buys an apple slicer when the price of apples decreases. d. Joe buys less sugar as the result of an increase in price of apples.
If the interest rate is r (expressed as a decimal number), the present value today of $1 to be received n years from today equals ____.
A. $1rn B. $1(1 + r)n C. $1/(1 + r)n D. $1/(1 + n)r