Would you rather receive $100 in eight years paying an interest rate of 10% or be given 48 dollars today?
A) I would rather receive 48 dollar today.
B) I would rather receive $100 in eight years.
C) I am indifferent between the two options.
D) I cannot determine which I would prefer.
A
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The Grangers, an agrarian society, would most likely support which policy?
If a perfectly competitive firm raised the price of its product,
A) its profits would increase. B) the quantity of output it sells decreases to zero. C) rival firms will follow suit and raise their prices also. D) the firm will be forced to advertise more. E) its total revenue would rise but its total cost would rise by more.
Suppose Johnny Stroller sells 12, 25, and 75 year-old scotch in under black, red, and blue labels. Suppose the storage costs are zero and the initial production costs are the same. What is the implied (approximate) interest rate if black sells for $12, red for $16 and blue for $44
a. 2 b. 5 c. 8 d. 10
Which of the following would not be a negative production externality associated with tire production?
a. smoke from the tire factory worsens the city's air quality b. toxins from the tire-making process seep into the area's ground water c. neighbors experience the bad smells that come from the tire factory d. the rubber used to make tires could be used to make something else e. all of these are negative production externalities