What is the present value of $100 two years from now at an interest rate of 6%?
A) $6
B) $89
C) $94.34
D) $106
B
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A drop in six-month LIBOR is good news to __________ in a swap contract
A) the fixed-rate payer B) the floating-rate payer C) both payers D) neither payer
Compared to perfect competition, monopoly
A. provides less output. B. charges a higher price. C. results in higher cost (inefficient) production. D. All of these responses are correct.
Use the following table to answer the next question. The base year is 2007. YearHot DogsBaseballsBottles of Beer?PriceQuantityPriceQuantityPriceQuantity2005$2.50100$2.5050$1.0010020064.001005.001002.0015020075.001005.001002.0020020088.001508.002004.00200200910.0020010.002004.00250Compared to the base year, the rate of inflation for the year 2009 is
A. 80%. B. 10.5%. C. 22.5%. D. 100%.
The voluntary relocation of employable migrants from low-paying nations to high-paying nations reduces:
A. wage rate disparities among nations. B. business or capitalist income in the world. C. labor productivity in the world. D. total wage income in the world.