Macroeconomics helps explain economic fluctuations, why the economy shrinks and expands and why some of the economy's resources are idle.
Answer the following statement true (T) or false (F)
True
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According to the World Bank, Albania does one of the worst jobs as a country enforcing the rule of law. The consequence of a weak rule of law is
A) strong property rights enforcement leading to greater investment. B) more risk taking on the part of entrepreneurs and greater economic investment. C) a decrease in cash transactions and increased efficiency. D) difficulty in attracting investment and low economic growth.
Profits or losses must be temporary for perfectly competitive firms. Why?
What will be an ideal response?
Briefly review the history of antitrust legislation in the United States
What is the present value of a payment of $100 one year from today if the interest rate is 5 percent?
a. $95.50 b. $95.24 c. $95.00 d. None of the above are correct to the nearest cent.