A Major League Baseball player signs a contract that pays $27 million over 5 years. The $27 million is the contract's ________ value.
A. real
B. implicit
C. external
D. nominal
Answer: D
You might also like to view...
In order for a bank to earn as much profit as possible, its excess reserves should be:
a. equal to its required reserves. b. as small as possible. c. less than its vault cash. d. growing at a constant rate.
Dutch Disease is associated with a dramatic decline in the demand for a primary commodity produced by a country
a. True b. False Indicate whether the statement is true or false
If a structured model contains a time trend-which may capture exogenous, trending factors that are not directly modeled-then the trend acts as its own instrumental variable.
Answer the following statement true (T) or false (F)
Repeated market interaction, particularly when there is no end to the interaction in sight, can
A. not change the dominant strategic equilibrium. B. only change the equilibrium if the first mover changes. C. result in a mixed, secure strategy. D. change the dominant strategic equilibrium.