If the interest rate is 11%, $1500 received at the end of 12 years is worth how much today?
a. 500(1+.11)12
b. 500/(1 + .11)12
c. 500/(1 + 11)12.
d. 500
A
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If all government budgets are balanced, and S is greater than I, then
A) the net international investment position must be positive. B) the financial account must be positive. C) the financial account must be negative. D) the net international investment position must be negative. E) Both A and B.
Although large-scale manufacturing was not characteristic of colonial economic activity, ___________ was an important exception
a. steel production b. shipbuilding c. cotton textile production d. fish canning
Total revenue can be defined as:
A. the amount that a firm receives from the sale of goods and services. B. the amount that a firm spends on all inputs that go into making a good or service. C. the total amount a firm spends on all inputs used in production. D. the total number of sales of a good or service by a firm.
A common example of indexing in the United States is: a. annual bonuses to workers
b. wage increases with seniority. c. 30-year fixed-rate mortgage loans. d. escalator clauses tied to the CPI in wage agreements.