If the interest rate is 7.5 percent, then what is the present value of $4,000 to be received in 6 years?
a. $2,420.68
b. $2,591.85
c. $2,996.33
d. $3,040.63
b
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When federal government spending exceeds tax revenues, the federal government runs a budget surplus
Indicate whether the statement is true or false
According to the diagram in the figure above, what is the marginal cost of producing the 3 millionth gallon of gasoline per month?
A) 5 pounds of shrimp per gallon of gasoline B) 4 pounds of shrimp per gallon of gasoline C) 3 pounds of shrimp per gallon of gasoline D) 1 pound of shrimp per gallon of gasoline
If market structures are ranked from the one in which firm(s) face the flattest demand curve to the one where they face the steepest, the correct order is
a. monopoly, monopolistic competition, perfect competition b. monopolistic competition, perfect competition, monopoly c. monopolistic competition, monopoly, perfect competition d. perfect competition, monopoly, monopolistic competition e. perfect competition, monopolistic competition, monopoly
Figure 9-3
?
In Figure 9-3, investment plus net exports equals
A. $200 billion. B. $400 billion. C. $600 billion. D. $800 billion. E. $1,200 billion.