Which of the following is the largest?
a. the future value of $250 with 3% interest for 2 years
b. the future value of $250 at 2% interest for 3 years
c. the present value of $250 to be paid in two years when the interest rate is 3%
d. the present value of $250 to be paid in three years when the interest rate is 2%
b
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Critics of the "limits to growth" thesis argue that:
A. clean air and water is a luxury good and the more economically developed a country becomes the easier it will be to keep the environment clean. B. economic growth will always take the form of more of what we have now, rather than newer, better, and cleaner goods and services. C. the market is not capable of adjusting to shortages of resources. D. government action spurred by political pressure is the best way to avoid the depletion of natural resources and pollution of the environment that results from economic growth.
Refer to Table 4.2. If you choose to invest in Japanese bonds, your investment return from Scenario A will be
A) 1%. B) 3%. C) 4%. D) 7%.
Company X is considering different production methods. Assume each worker is paid $50 per hour and each machine costs $90 each. Which of the following will give them the best balance of workers and technology, based on cost?
a. 5 workers and 5 machines b. 7 workers and 4 machines c. 10 workers and 2 machines d. 15 workers and 1 machine
Why might a system of marketable pollution permits lead to a higher concentration of polluted areas than would a command-and-control system?
What will be an ideal response?