The annuity factor ________ by the amount of the annual payment equals the ________ value of payments for the specified number of years at the specified discount rate.
A) multiplied; future
B) divided; present
C) divided; future
D) multiplied; present
D) multiplied; present
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In the mid- to late 1980s, the United States had "twin deficits" because both ________ and ________ were negative
A) government saving; private saving B) saving; investment C) the current account; investment D) government saving; the current account
All of the following are tangible goods except: a. a skateboard
b. a desk. c. a train locomotive. d. fairness.
In the long run, a firm might experience rising average total costs due to
a. economies of scale. b. diseconomies of scale. c. the law of supply. d. the law of diminishing marginal returns.
Positive feedback from active contributors on social media platforms creates a ______ where the value that people exchange is measured in esteem as well as in dollars, euros, or pounds.
A) horizontal revolution B) digital native C) reputation economy D) network effect E) perpetual beta