The ________ of a future payment is the amount of money that would need to be invested today to produce the future payments
A) implicit value
B) explicit value
C) present value
D) real value
C
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In response to a surplus the market price of a good will fall; as the price falls, the quantity demanded will increase and quantity supplied will decrease until equilibrium is reached
Indicate whether the statement is true or false
Explain why risk can be insured against but uncertainty cannot
What will be an ideal response?
As of December 2010, the largest single component of M1 consists of
a. checkable deposits at banks. b. money market mutual funds. c. savings deposits. d. currency.
Which of the following accurately describes a major difference between a monopolist and firms in competitive price-searcher markets?
a. A monopolist will maximize profit, while firms in competitive price-searcher markets will maximize sales. b. A monopolist may be able to earn long-run economic profit, but firms in competitive price-searcher markets will not be able to do so. c. A monopolist will charge a price that is greater than its marginal cost, but competitive price searchers will charge prices that are just equal to their marginal cost. d. A monopolist will charge a price that is just equal to its marginal cost, but competitive price searchers will charge prices that are greater than their marginal cost.