Several students had the idea that they could get rich if they opened a dating service on campus. Others were skeptical that the information on those services is either not true or exaggerated but the enterprising students tell them a campus based system will be much more reliable. This claim
A. does not make sense because college students are risk lovers by nature and would make false claims.
B. is false because the stigma of the newcomer will exclude freshman from the service.
C. makes sense because a campus has many close relationships so exaggerated claims would be easily exposed.
D. makes sense because college students are risk averse by nature and would not make claims that could get them in trouble.
Answer: C
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A consumer is a lender if
A) optimum current consumption is less than current disposable income. B) optimum current consumption is greater than current disposable income. C) current disposable income is greater than future disposable income. D) the consumer's indifference curves are relatively flat.
If a bond offers $400 in interest payments at the end of each of next 3 years and a repayment of $2,000 also at the end of the 3 years and the current discount rate is 5 percent, what is the market price for the bond?
A) $2,593 B) $3,589 C) $2,256 D) $2,817
The standardization of software applications that people can easily share is an example of:
A. a network externality that can be positive or negative. B. an innovation that does not carry a network externality. C. a negative network externality. D. a positive network externality.
The two key laws affecting labor unions are the ____________ and the _______________.
Fill in the blank(s) with the appropriate word(s).