The present value of $1 payable in two years is:
a. $1.
b. $1/(1 + 2r).
c. $1/(1 – 2r).
d. $1/(1 + r)2.
d
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Which of the following is NOT a part of the Federal Reserve System?
A) the Federal Deposit Insurance Corporation B) the Board of Governors C) the Twelve District Federal Reserve banks D) the Federal Open Market Committee
Unions tend to: a. shift labor from the union sector to the non-union sector of the economy. b. shift labor from the non-union sector to the union sector of the economy. c. decrease wages in the union sector
d. increase wages in the non-union sector.
If Utopia has a closed economy, the price of tile is $________ per case, and if it has an open economy the price of tile is $________ per case.
A. 15; 10 B. 15; 20 C. 30; 15 D. 20; 15
Rent control laws are imposed when city officials believe landlords have been exploiting tenants. Which of the following criteria are they using to guide their actions?
A. growth B. equity C. stability D. efficiency