According to the rule of 70, if the interest rate is 10 percent, about how long will it take for the value of a savings account to double?
a. about 6.3 years
b. about 7 years
c. about 7.7 years
d. about 10 years
b
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During the 1990s, Japan's economy experienced
A) a tripling of values in the stock market. B) negligible inflation and unemployment rates. C) falling short-term interest rates. D) All of the above.
________ in the job market trace to training, education, experience, ability, risk of job loss, and risk of injury
a. Racial discrimination b. Wage discrimination c. Geographical discrimination d. Gender discrimination
________ refers to the dominant firm's attempt to drive rivals out of business by temporarily setting price below cost or dropping the price only in certain markets
a. Herfindahl pricing b. Per se pricing c. Predatory pricing d. Marginal cost pricing
Suppose that over the past decade, U.S. inflation is less than that in Mexico. Further assume that during this same period, the dollar depreciates relative to the Mexican peso. Given this information,
A) the real exchange rate remains unchanged. B) the real exchange rate must decrease. C) the real exchange rate must increase. D) the real exchange rate can increase or remain the same, but not decrease. E) the real exchange rate can decrease or remain the same, but not increase.