Relative to 1800, the living standard of the average person today in the United States is about _____ times higher
A. 5
B. 12
C. 20
D. 42
Answer: B
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At an interest rate of 6 percent, what would be the present value of receiving $22,000 twelve years from now?
A) $10,934 B) $18,645 C) $19,643 D) $20,755
Often the best way for a firm to convey information to consumers about the quality of a product is to spend money on creating well-known brand names and the provision of guarantees
a. True b. False Indicate whether the statement is true or false
If decreased government borrowing drives down real interest rates in the United States,
a. private investment will tend to decline. b. the dollar will depreciate leading to an increase in net exports. c. an inflow of capital will cause the dollar to depreciate. d. All of the above are true.
The Marxist critique of capitalism was based on the notion that:
A. efficient allocation of resources was not a worthwhile goal. B. the capitalist class exploited the proletariat class, which created all the value inherent in goods. C. a capitalist system ignored traditional class roles. D. the proletariat class exploited the capitalist class, which created all the value inherent in goods.